Measures to Mitigate Risk by Hidroituango – Sectors – Economy



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In order to prevent the country from having sufficient energy in the coming years to meet the national demand and to resolve the consequences of the postponement of the operation of the hydroelectric power station. Ituango, the government issued the first

To do this, the Regulatory Commission for Energy and Gas (Creg) issued Resolutions 083 and 084 of July 2018, which set the possibility of allocating energy obligations of the reliability fee for the periods 2019-2020, 2020-2021 and 2021-2022, and convened an electricity sales reconfiguration auction for the period 2018-2019, respectively

The The first measure is to call on producers who have existing plants to receive the remuneration to have available energy for those periods, by means of a pro rata allocation of the reliability tax
which does not c does not correspond to previous expansion auction processes

Thus, the Creg seeks to meet an objective demand of 75,542 gigawatt hours between December 2019 and November 2020, of 78,183 gigawatt hours between the same months of 2020 and 2021, as well as 80,773 gigawatt hours between December 2021 and November 2022. This process will occur between the months of August and September.

Salvadidas for EPM

Meanwhile, the reconfiguration auction, for the period from December 2018 to November 2019, seeks that, taking into account that firm or available energy is much higher than the consumption provided, some agents may surrender the reliability fee that has been badigned to them for that period at previous auctions.

In the electricity market, it is badumed that one of the companies that will be registered for this sale will be Empresas Públicas de Medellín. XM company, which manages the electricity market, had to deliver with Hidroituango for this period, and until 2038, a total of 1,085 gigawatts a year.

According to the Creg resolution, the term to express the interest of entering the auction of reconfiguration will be until September 25, 2018.

According to the Creg, the two regulatory measures seek to ensure the availability of a medium and long-term energy supply for the country and have been published after the badysis of the firm energy balance of the system.

"This badysis was conducted on the basis of demand projections of the UPME, the energy of existing power plants and relevant information on its generation history and the possible scenarios of entry of new projects, "said the entity.

ECONOMICS AND BUSINESS

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