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Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil

Yıl 2014, Cilt: 4 Sayı: 2, 117 - 124, 01.06.2014

Lucio Guido Tapia Carpio

Öz

The aim of this study is to analyze the behavior of gross domestic product (GDP) compared to electricity consumption in Brazil to estimate the curve of deficit marginal cost. The deficit cost is used as exogenous parameter in the chain of models for planning the operation and expansion of a hydrothermal system as part of the total cost of operation. The results show a cointegration relationship between GDP and electricity consumption; therefore, there is a long-term equilibrium relationship between GDP and electricity consumption. This relationship is used to estimate the curve of deficit marginal cost. The possible short-term imbalance can be mitigated using the vector error correction model (VEC).

Anahtar Kelimeler

Energy deficit Cointegration Rationing Energy planning

Yıl 2014, Cilt: 4 Sayı: 2, 117 - 124, 01.06.2014

Lucio Guido Tapia Carpio

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA49EV53HH
Bölüm Araştırma Makalesi
Yazarlar

Lucio Guido Tapia Carpio Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 4 Sayı: 2

Kaynak Göster

APA Carpio, L. G. T. (2014). Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil. International Journal of Energy Economics and Policy, 4(2), 117-124.
AMA Carpio LGT. Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil. IJEEP. Haziran 2014;4(2):117-124.
Chicago Carpio, Lucio Guido Tapia. “Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil”. International Journal of Energy Economics and Policy 4, sy. 2 (Haziran 2014): 117-24.
EndNote Carpio LGT (01 Haziran 2014) Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil. International Journal of Energy Economics and Policy 4 2 117–124.
IEEE L. G. T. Carpio, “Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil”, IJEEP, c. 4, sy. 2, ss. 117–124, 2014.
ISNAD Carpio, Lucio Guido Tapia. “Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil”. International Journal of Energy Economics and Policy 4/2 (Haziran 2014), 117-124.
JAMA Carpio LGT. Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil. IJEEP. 2014;4:117–124.
MLA Carpio, Lucio Guido Tapia. “Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil”. International Journal of Energy Economics and Policy, c. 4, sy. 2, 2014, ss. 117-24.
Vancouver Carpio LGT. Cointegration Relationships to Estimate the Marginal Cost of Deficit in Planning a Hydrothermal System: The Case of Brazil. IJEEP. 2014;4(2):117-24.