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Analysis of the effects of incentives to complementary between energy sources on the electricity market: a system dynamics approach

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dc.contributor.advisorOchoa, María Camila
dc.contributor.authorAristizábal Gutiérrez, Sofía
dc.date.accessioned2025-01-17T19:31:57Z
dc.date.available2025-01-17T19:31:57Z
dc.date.issued2024
dc.description52 páginas
dc.description.abstractABSTRACT:The integration of non-conventional renewable energy sources (NRES) into electricity systems introduces variability and intermittency, challenging power systems traditionally designed for stable and predictable generation. These challenges require policymakers to develop strategies aimed at maintaining reliability, affordability, and sustainability while increasing the share of NRES. One promising solution is leveraging the complementary nature of NRES to mitigate variability. However, the translation of this complementarity into effective policy and incentive structures remains underexplored in existing research. This study addresses this gap by employing System Dynamics modeling to analyze the effects of incentivizing complementarity between NRES and electricity system availability. In contrast to traditional methods, which assess complementarity between two or more generation sources, this study evaluates how individual sources complement the system’s availability. The resulting complementarity values are used to guide the design of incentives for new NRES investments. Two metrics, Pearson correlation and the Total Variation Metric (TVM), were analyzed to assess their effectiveness in measuring complementarity. The model is applied to a case study of the Colombian electricity market, a system characterized by its dependence on hydropower and substantial potential for NRES integration. The findings suggest that incentivizing complementarity can enhance grid stability, reduce dependence on thermal generation, and lower overall system costs. Future research should refine these metrics to better account for minimum availability and focus on short-term variations to further optimize system flexibility and resilience.eng
dc.description.degreelevelMaestría
dc.description.degreenameOtro
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://repository.eia.edu.co/handle/11190/6854
dc.language.isoeng
dc.publisherUniversidad EIA
dc.publisher.facultyEscuela de Ingeniería y Ciencias Básicas
dc.publisher.placeEnvigado (Antioquia, Colombia)
dc.publisher.programOtro
dc.rightsDerechos Reservados - Universidad EIA, 2024
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.rights.coarhttp://purl.org/coar/access_right/c_abf2
dc.rights.licenseAtribución-NoComercial 4.0 Internacional (CC BY-NC 4.0)
dc.subject.proposalElectricity marketseng
dc.subject.proposalReliabilityeng
dc.subject.proposalRenewable energyeng
dc.subject.proposalComplementarityeng
dc.subject.proposalEnergy transitioneng
dc.subject.proposalCapacity expansioneng
dc.titleAnalysis of the effects of incentives to complementary between energy sources on the electricity market: a system dynamics approacheng
dc.typeTrabajo de grado - Maestría
dc.type.coarhttp://purl.org/coar/resource_type/c_bdcc
dc.type.coarversionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.contentText
dc.type.driverinfo:eu-repo/semantics/masterThesis
dc.type.redcolhttp://purl.org/redcol/resource_type/TM
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublication
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