Simulation of the energy efficiency auction prices in Brazil

Javier L.L. Gonzales, Rodrigo F. Calili, Reinaldo C. Souza, Felipe L. Coelho da Silva

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

The electricity consumption behavior in Brazil has been extensively investigated over the years due to financial and social problems. In this context, it is important to simulate the energy prices of the energy efficiency auctions in the Brazilian regulated environment. This paper presents an approach to generate samples of auction energy prices in energy efficiency market, using Markov chain Monte Carlo method, through the Metropolis-Hastings algorithm. The obtained results show that this approach can be used to generate energy price samples.

Original languageEnglish
Article number396
Pages (from-to)574-579
Number of pages6
JournalRenewable Energy and Power Quality Journal
Volume1
Issue number14
DOIs
StatePublished - May 2016

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