%0 Journal Article 
%T Variables que inciden en el precio de la bolsa de energía y su correlación con los contratos de largo plazo
%D 2012
%U http://hdl.handle.net/10906/67872
%X Given the importance of evolution in prices of energy stock market, this paper was
done in order to analyze the variables that constitute the price and its
characteristics, as well as its impact in electric energy market. The current
Colombian regulation was analyzed and the most important variables were
identified; a similarity according to contract prices was also established.
This analysis period, according to the information available in the historical
archives from XM – Market Experts, was from 2009 to June 2011. On the same
hand, some behaviors from previous years are also mentioned, which labeled
certain tendency in prices, caused by some weather conditions like “la Niña” and
“el Niño” phenomenon.
One of the greatest conclusions obtained, is that hydrology (reflected in summer
and winter seasons) marks a very important tendency in price, just like it was to be
expected in a stable market, in which abundance generates low prices tendencies
and shortage generates high tendencies. This defines in Colombian energy market
that prices respond in a closer way to the fundamental ones.
%K Economics
%K Negocios y management
%K Economía
%K Power exchange
%K Energy contracts long term
%K Energy contracts on the exchang
%K Bolsa de valores
%K Inversiones
%K Energía eléctrica
%K Comercializadoras
%K Riesgo financiero
%K Empresas de energía
%~ GOEDOC, SUB GOETTINGEN