The Latin American Energy Organization (OLADE) is conducting, from August 19 to September 2, the course “Fundamentals of Electricity Markets and their Development in Brazil, Colombia, and Chile”. This technical training aims to strengthen knowledge on the functioning of electricity markets, from their economic foundations to their practical application in representative regional experiences.
The course covers principles such as dispatch and price formation, market structures, operation models, auction design, competition mechanisms, and coordination with power grids.
At the opening, OLADE’s Executive Secretary, Andrés Rebolledo, emphasized the urgency of having updated regulatory frameworks in the context of accelerated technological transformation: “The transformation of power systems requires relevant regulations that encourage investment and accompany the incorporation of new technologies in the region.”
Meanwhile, Gloria Alvarenga, OLADE’s Director of Integration, Access, and Energy Security, underlined the importance of the electricity sector as a cornerstone for regional development: “The electricity sector is a strategic pillar for economic and social development. A deep understanding of it is essential to address the challenges of the energy transition in Latin America and the Caribbean.”
During the sessions, experts such as Sebastián Novoa and Gabriel Olmedo shared reflections on different regulatory models in the region, highlighting the need to understand common principles that allow progress toward more competitive, efficient, and sustainable systems.
Through this training initiative, OLADE reaffirms its commitment to capacity building, technical cooperation, and the design of energy policies that contribute to building more resilient, inclusive, and sustainable power systems in Latin America and the Caribbean.
