Quantifying Bidirectional Connectedness: A Quantile Analysis of Electricity Price Fluctuations and Industrial Production Dynamics in Colombia

Cómo citar

Candelo-Viáfara, J. M., Rivera-Díaz, M. del P., & Salas-Arbeláez, L. (2025). Quantifying Bidirectional Connectedness: A Quantile Analysis of Electricity Price Fluctuations and Industrial Production Dynamics in Colombia. Revista Ean, (98). https://doi.org/10.21158/01208160.n98.2025.4199

Publicado: May 11, 2025

Doi

https://doi.org/10.21158/01208160.n98.2025.4199

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PlumX

Número

Núm. 98 (2025)

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Artículos científicos

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Juan Manuel Candelo-Viáfara

Universidad del Valle

https://orcid.org/0000-0002-4152-5597

María del Pilar Rivera-Díaz

Universidad del Valle

https://orcid.org/0000-0002-9817-9605

Laura Salas-Arbeláez

Universidad del Valle

https://orcid.org/0000-0003-3082-7247

Resumen

This study explores the intricate relationship between electricity prices and industrial production, with a specific focus on scenarios within the mid-range and tail distribution. Recognizing the bidirectional impact between these variables, the analysis utilizes Colombian data, where 70% of electricity is hydroelectric and the rest is thermopower generated from fossil fuels. Climate-induced fluctuations affecting hydroelectric generation can influence electricity prices, subsequently impacting industrial production. The findings reveal that increased electricity prices adversely affect industrial production due to heightened production costs, while increased industrial production contributes to lower electricity prices, indicating a bidirectional impact. The study's implications suggest strategic planning opportunities, aligning production with electricity price fluctuations, and policy formulation to stimulate production for positive impacts on industrial production and overall economic growth.

Palabras clave

Energía eléctrica - Colombia

Centrales hidroeléctricas - Colombia

Energía térmica - Colombia

Política energética - Colombia

Producción industrial

Produccion de energía eléctrica

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