Proposals of Methodologies for Offer Price Formation in Brazil

The project aims to research methodological alternatives and propose a dispatch and short-term price formation mechanism based on offers made by agents that reconciles the characteristics of the Brazilian Electric System (SEB), such as guaranteeing hydro-thermal coordination when different companies own hydroelectric plants in the same cascade and sharing systemic hydrological risk. The project is composed of three phases: (i) Conceptual design, (ii) Detailed design with a concrete proposal for implementing price offers in Brazil, and (iii) Computational modeling of analytical tools that enable other agents and researchers to perform similar quantitative exercises and additional explorations.