Mastropietro, Paolo Batlle López, Carlos Nobrega Barroso, Luiz Augusto Rodilla Rodríguez, Pablo 2016-12-19T04:06:15Z 2016-12-19T04:06:15Z 2016-12-01 1556-7249 https://doi.org/10.1080/15567249.2013.878768 Artículos en revistas Regulatory reforms of the power sectors in South America have always been driven by the need of attracting enough investment to guarantee an expansion rate capable of covering the fast-paced demand growth in the continent. In order to achieve this objective, in the last decade several countries in the region have reshaped their regulatory frameworks in the direction of long-term auctioning. This paper first provides a detailed description of the regulatory evolution that resulted in the implementation of auction schemes and then it presents an updated review of the mechanisms implemented in five South American countries, comparing their main design elements. Regulatory reforms of the power sectors in South America have always been driven by the need of attracting enough investment to guarantee an expansion rate capable of covering the fast-paced demand growth in the continent. In order to achieve this objective, in the last decade several countries in the region have reshaped their regulatory frameworks in the direction of long-term auctioning. This paper first provides a detailed description of the regulatory evolution that resulted in the implementation of auction schemes and then it presents an updated review of the mechanisms implemented in five South American countries, comparing their main design elements. application/pdf en-GB Revista: Energy Sources Part B: Economics, Planning and Policy, Periodo: 1, Volumen: online, Número: 12, Página inicial: 1103, Página final: 1110 Instituto de Investigación Tecnológica (IIT) The evolution of electricity auctions in South America info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/openAccess Capacity mechanisms, electricity auctions, long-term electricity contract, system adequacy Capacity mechanisms, electricity auctions, long-term electricity contract, system adequacy