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
Mauricio Tolmasquim
Mauricio Tolmasquim is a Visiting Scholar for the Energy Division at the Inter-American Development Bank. Graduate in Production Engineering and Economics, with a Master's in Energy Planning and Doctorate in Economics. Professor at Federal University of Rio de Janeiro. Former Brazilian Vice-Minister of Mines and Energy. President of Empresa de Pesquisa Energética (EPE) – Brazil's energy research and planning authority. Has coordinated the work team that elaborated a new electricity sector for Brazil. Author of 20 books and dozens of articles published in national and international newspapers.
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
Keeping the light on: How to ensure electric power services
The spread of the Coronavirus (COVID-19) has led the countries of the region to implement different economic and social measures to reduce its impact. The uncertainty caused by the lack of a vaccine, the fast spread of the virus, or the uncertain time it may take to return to a normal routine causes more concern. The immediate priority of governments is to guarantee health … [Read more...] about Keeping the light on: How to ensure electric power services
Renewable Energy Policies in Latin America and Caribbean: Auction and Net Metering
Latin American and the Caribbean holds a comfortable leading place in terms of the share of renewables in the electricity generation matrix, mainly due to the share of hydropower generation, which accounted for 47% of total power generation in 2018. Even though the share of renewables in the generation mix decreased by 5% from 2000 to 2018, the generation output of renewables … [Read more...] about Renewable Energy Policies in Latin America and Caribbean: Auction and Net Metering