- Publication venue
- 'Instituto Mexicano de Ejecutivos de Finanzas, A.C. (IMEF)'
- Publication date
- 26/09/2022
- Field of study
Valor de las energĂas renovables en el joven mercado mexicanoEsta investigaciĂłn pretende encontrar el efecto que las renovables tienen para reducir el precio de la electricidad en MĂ©xico (“merit-order effect” o “MOE”). Usando datos del 01/enero/2017 al 31/diciembre/2019, se usĂł un modelo de regresiĂłn linear para examinar empĂricamente el “MOE”. Los datos muestran un “MOE” de MXN0.10/MWhporMWhderenovables.EscalandoalpromediodegeneracioËŠnrenovable,el“MOE”promedioes13.50.10/MWh per MWh of renewable generation. Scaling to the average renewable generation, the average “MOE” is 13.5% of the average electricity price. There’s evidence that the “MOE” is non-linear and that is different across wind and solar energy. The market value of renewables was only 93% of the market value of the system. Stakeholders should differentiate the average electricity price from the price received by each power plant. As the “MOE” becomes an integral part of investment assessments, investment behaviour will change, impacting the future of the energy mix. To my knowledge, this is the first “MOE” research regarding a young and growing power market with warm weather (fundamental differences from previous research)