CREG Energy Market Panel: The Evolution of Electricity Market Regulation in Colombia

A report written for the Colombian Comision de Regulacion de Energía y Gas (CREG), November 2016.

Abstract: The Colombian Comision de Regulacion de Energia y Gas (CREG) convened a panel of international experts to consider various proposals for electricity market reform on four topics: (1) the scarcity price, reliability charge and methods for the expansion of system capacity; (2) a forward market for energy contracts (MOR); (3) spot market reform and the creation of day-ahead and intra-day markets; and (4) mechanisms to elicit investment in nonconventional renewable energy (FNCERs) in Colombia. This report contains my analysis and recommendations on these topics.