The current combination of geopolitical pressures, and the urgent need to tackle climate change are shaping an opportunity for geothermal to surge across the region as a path to energy transition to clean, reliable and resilient baseload power. However, geothermal energy is not only available to generate electricity, but also direct uses of heat are as important for … [Read more...] about Harnessing the power of geothermal in Latin America and the Caribbean
How Do Households Consume Energy in Latin America and the Caribbean?
The household sector is a key stakeholder in energy markets, mainly its regulation and policies. Since 1971, electricity and gas demand from Latin American and Caribbean households has more than tripled, outpacing high energy-intensive sectors such as transportation and manufacturing, and reshaping aggregate energy demand. Balancing affordability, quality, and sustainability … [Read more...] about How Do Households Consume Energy in Latin America and the Caribbean?
Auctions: From the 2020 Nobel Prize for Economics to the Success of Renewables’ Investment
This year’s Nobel Prize winners in economics were two economists from Stanford University. Robert Wilson and Paul Milgrom improved upon the auction theory and developed new modalities of auctions, thereby opening novel options to improve market efficiency and appropriate resource allocation. Robert Wilson was the first to create a framework for analyzing auctions[1] in order … [Read more...] about Auctions: From the 2020 Nobel Prize for Economics to the Success of Renewables’ Investment
The quarantine and its dwellers: ¿Do we change our electricity consumption behavior?
Since confinement measures began to be applied, we have been forced to remain inside our homes for a long period of time. These measures of social distancing have required the reduction of economic activities, the closing of schools, and the limitation of physical displacement. In the region, a huge number of people share residences with their families or other co-inhabitants … [Read more...] about The quarantine and its dwellers: ¿Do we change our electricity consumption behavior?
Monitoring the impact of the COVID-19 crisis on electricity: lower demand with different profiles
The COVID-19 is having an impact on several sectors of the economy, and the power sector is not spared. The electricity sector is an integral part of the economy. The importance of its monitoring lies in the fact that it can help us: (1) prepare for futures challenges in the electricity sector associated with the revenue gap in the following months; (2) track the economic … [Read more...] about Monitoring the impact of the COVID-19 crisis on electricity: lower demand with different profiles