On April 9th, Mr. Paul Simons, Deputy Executive Director of the International Energy Agency (IEA), presented at the Inter-American Development Bank (IDB) the key findings from IEA’s flagship report, World Energy Outlook 2017 (WEO 2017). Mr. Simons addressed the important role of emerging economies, where the Latin American and the Caribbean (LAC) region will become an … [Read more...] about World Energy Outlook 2017: How will the Energy Sector evolve till 2040?
Despite the consensus on a call of smart technologies in the electricity sector, there is lacking a clear message on how and through whom to integrate the disruptive changes into our traditional power system. Smart Grid, which extends ICT (Information Communications Technology) to the bulk power system, could provide us a new perspective on the integration of technology … [Read more...] about The Digital Revolution in Energy: How smart is a Smart Grid?
What are the possible outcomes of market liberalization in the electrical sector? Could be reduction in energy prices, increasing private participation, and an overall more competitive market. A recent policy brief by IDB examines the reform impacts from the perspective of market monitoring, measuring firms’ ability to influence prices in the spot energy market. The results … [Read more...] about Is there still market power in the generation sector?