Abstract

LEMOS CANO, SANTIAGO  and  BOTERO BOTERO, SERGIO. HYDRO-THERMAL GENERATION PORTFOLIO OPTIMIZATION AT THE COLOMBIAN POWER MARKET. Dyna rev.fac.nac.minas [online]. 2012, vol.79, n.175, pp.62-71. ISSN 0012-7353.

This paper proposes a diversification analysis of power generation sources in Colombia, based on Portfolio Theory, which has been traditionally used at the financial sector. A methodology is proposed to identify time series from market data and the Efficient Frontiers are calculated for two different generation portfolios at the Colombian Electricity Market, using hydro and thermal (coal and natural gas) generation sources.

Keywords : Portfolio Theory; Efficient Frontier; Energy Markets; Colombian Power Market.

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