Firm location, regional weather conditions and bid pricing in Colombian wholesale electricity market

The information contained in the dataset was compiled using data provided by official sources. This study combines the use of two main datasets. The first is provided by the Colombian electricity market operator XM, available on its website (www.xm.com.co) under the heading ‘Portal BI’. The second source is provided by Colombia's National Administrative Department of Statistics (DANE) (www.dane.gov.co). Portal BI provides information for each electricity-generating plant on the following variables: bid price (BP), positive reconciliation (PR), electricity generation (GEN), energy inputs (IN) and system marginal prices (SMP). The index of industrial employment (IE) is obtained from DANE. The model is estimated with daily data over the period January 2005–August 2015.