Costs analysis of electric generation from renewable sources in the Colombian electricity system

Abstract

In this paper a cost analysis by means the Total Cost Model is performed, in order to valuate the economic impact involved in the integration of renewable energies in the Colombian electric system, considering that its infrastructure is based on the water resource. The high potential of the country to implement renewable energy, particularly wind and biomass, explains the need to propose different scenarios for electricity generation and makes analysis of their capital, fixed, variable and external costs taking into account the experience (learning curve). Conclusions about the feasibility of implementing new technologies for the energy future of the country are reached.