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Simulation of the energy efficiency auction prices in Brazil
Author(s)
Javier L. L. Gonzales
Rodrigo Flora Calili
Reinaldo Castro Souza
Felipe Leite Coelho da Silva
Date Issued
1 de mayo de 2016
Type
Preprint
Volume
1
Start Page
574
End Page
579
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.
Keywords