Non-Smooth Phenomena in Energy Markets

Johan M. Redondo
Universidad Sergio Arboleda, Bogotá, Colombia, galileonp@hotmail.com

Isaac Dyner
Universidad Nacional de Colombia, Medellín, Colombia, idyner@unal.edu.co

Gerard Olivar
Universidad Nacional de Colombia, Manizales, Colombia, golivart@unal.edu.co


Fecha: Martes 24 de Agosto 2010
Salon: F-405
Hora: 4 – 6 pm

Electrical power systems have been studied in the literature.
Regarding to nonlinear phenomena, saddle-node and Hopf
bifurcation and codimension-two points have been detected. On
the other side, energy markets have also been studied, mainly from
system dynamics theory. In this paper a new non-smooth model
for a simple energy market is proposed, and some non-smooth
bifurcations are computed, which show several differences from the
traditional smooth models.

keywords: energy, non-smooth, bifurcations.