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Rudnick H.,University of Chile | Mocarquer S.,Systep | Andrade E.,Transelec | Vuchetich E.,CGE Distribucion | Miquel P.,Systep
IEEE Power and Energy Magazine | Year: 2011

On 27 February 2010, an Earthquake registering 8.8 on the Richter scale struck the central part of Chile and a tsunami subsequently hit coastal areas, affecting the most populated area of the country (see Figure 1). This earthquake was the fifth-strongest recorded in modern history; the strongest one also struck Chile, in 1960, and had a Richter magnitude of 9.5. © 2006 IEEE.

Moreno R.,Imperial College London | Barroso L.A.,PSR | Rudnick H.,University of Chile | Mocarquer S.,Systep | Bezerra B.,PSR
Energy Policy | Year: 2010

The implementation of auctions of long-term electricity contracts is arising as an alternative to ensure generation investment and therefore achieve a reliable electricity supply. The aim is to reconcile generation adequacy with efficient energy purchase, correct risk allocation among investors and consumers, and the politico-economic environment of the country. In this paper, a generic proposal for a long-term electricity contracts approach is made, including practical design concepts for implementation. This proposal is empirically derived from the auctions implemented in Brazil and Chile during the last 6 years. The study is focused on practices and lessons which are especially useful for regulators and policy makers that want to facilitate the financing of new desirable power plants in risky environments and also efficiently allocate supply contracts among investors at competitive prices. Although this mechanism is generally seen as a significant improvement in market regulation, there are questions and concerns on auction performance that require careful design and which are identified in this paper. In addition, the experiences and proposal described can serve to derive further mechanisms in order to promote the entrance of particular generation technologies, e.g. renewables, in the developed world and therefore achieve a clean electricity supply. © 2010 Elsevier Ltd. All rights reserved.

Rudnick H.,University of Santiago de Chile | Barroso L.,PSR | Cunha G.,PSR | Mocarquer S.,Systep
IEEE Power and Energy Magazine | Year: 2014

South America is one of the most dynamic regions for the joint development of natural gas and electricity. Gas is abundant in the region, although unevenly distributed (see Figure 1), with significant new reserves projected in Brazil (in its Pre-Salt basins) and in Argentina (shale gas). Unconventional gas reserves in South America are estimated at 1,430 trillion ft3. © 2014 IEEE.

Moreno R.,Imperial College London | Strbac G.,Imperial College London | Porrua F.,PSR | Mocarquer S.,Systep | Bezerra B.,PSR
IEEE Power and Energy Magazine | Year: 2010

Electricity Systems Worldwide FACE Challenges of unprecedented proportions. In response to the climate change crisis, the governments of a number of countries are already committed to the support of renewable and other low-carbon generation technologies for the next ten years. Over the medium and long term, it is expected that the electricity sector in some jurisdictions will be almost entirely decarbonized and that there will be significantly increased levels of electricity production and demand, driven by the incorporation of the heating and transport sectors into the electric grid. © 2006 IEEE.

Bezerra B.,PSR | Mocarquer S.,Systep | Barroso L.,PSR | Rudnick H.,University of Santiago de Chile
IEEE Power and Energy Magazine | Year: 2012

In Latin America, primary energy demand is projected to grow on average by 1.7% per year and to reach 830 million tons of oil equivalent (mtoe) by 2035, according to the International Energy Agency's 2011 World Energy Outlook. Demand for renewables in the power generation sector in the region will double over that period, reaching nearly 140 mtoe in 2035. Furthermore, the IEA projects that biofuels use in road transport will increase by more than 4% per year, reaching 1 million barrels per day (mb/d) by 2035, representing around 25% of fuel consumption in the sector. The economic giant in the region, Brazil, will increase its primary energy consumption to 420 mtoe in 2035, representing more than half of the regional total. © 2012 IEEE.

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