Simulation of the energy efficiency auction prices in Brazil

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 approa...

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Bibliographic Details
Main Authors Gonzales, Javier L. L, Calili, Rodrigo F, Souza, Reinaldo C, da Silva, Felipe L. Coelho
Format Journal Article
LanguageEnglish
Published 09.11.2018
Subjects
Statistics - Applications
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Summary: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.
DOI:10.48550/arxiv.1811.04144