TY - JOUR
T1 - Construction of a Chilean energy matrix portraying energy source substitution
T2 - A system dynamics approach
AU - Gómez, Carla Rúa
AU - Arango-Aramburo, Santiago
AU - Larsen, Erik R.
PY - 2017
Y1 - 2017
N2 - The energy matrix is a useful tool for understanding the trends of production and consumption in a country and for evaluating long-term energy policies. This paper presents a behavioral simulation model of the evolution of Chile's energy matrix. The model is developed and calibrated by considering a dynamic substitution of energy sources. Chile's stated policy is to become less dependent on imported fossil fuels, to increase security of supply and improve the environment. The simulation experiments show that the energy matrix is very robust with regards to external fuel prices and changes in investment cost. Thus, in order to be able to observe changes in the composition of the energy matrix, there is a need for strong intervention by the regulator, or the government, to provide incentives for renewables.
AB - The energy matrix is a useful tool for understanding the trends of production and consumption in a country and for evaluating long-term energy policies. This paper presents a behavioral simulation model of the evolution of Chile's energy matrix. The model is developed and calibrated by considering a dynamic substitution of energy sources. Chile's stated policy is to become less dependent on imported fossil fuels, to increase security of supply and improve the environment. The simulation experiments show that the energy matrix is very robust with regards to external fuel prices and changes in investment cost. Thus, in order to be able to observe changes in the composition of the energy matrix, there is a need for strong intervention by the regulator, or the government, to provide incentives for renewables.
KW - Chilean energy sector
KW - Energy matrix
KW - Energy planning
KW - System dynamics
UR - http://www.scopus.com/inward/record.url?scp=85024120004&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2017.06.111
DO - 10.1016/j.jclepro.2017.06.111
M3 - Journal article
AN - SCOPUS:85024120004
SN - 0959-6526
VL - 162
SP - 903
EP - 913
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
ER -