Model for the flexible commercialization of thermoelectric plants in Brazil
ABSTRACT This article proposes a model that allows thermoelectric power plants to identify the risks and opportunities that exist during the marketing of electricity in "hybrid" markets, where electricity is offered in two types of environments: regulated and free. Because electricity generated in Brazil is predominantly hydraulic, it has adopted a scheme of centralized dispatch through a chain of optimization models, the natural gas thermal power plants enter in a complementary manner, which mitigates operational risk in dry periods. In this article, the value of operational flexibility will be estimated, and a model will be proposed to help thermoelectric power plants with energy marketing decisions in both regulated and free markets. The results indicate that paying a premium for the availability of generation capacity can significantly stimulate the development of new projects in thermoelectric generation.