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January 6, 2025
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Diversification of the electricity generation matrix

Diversification of the electricity generation matrix

The cumulative behavior of the generation of energy by fuel type during November 2024 positioned the gas natural as the main source of generation electricity in the Dominican Republic, according to the most recent bulletin of the National Interconnected Electric System (SENI).

In the report of Ministry of Energy and Mines (MEM) explains that the SENI, made up of plants that use various sources of energy primary to satisfy national demand, reported that the gas natural It contributed 43% of the electricity generated in the month.

In second place were the power plants coal mineralresponsible for 31%, followed by those that use Fuel Oil No. 6 with 12%. While the hydroelectric and the parks Solar turbines contributed 5% each, wind turbines contributed 4%.

Matrix statistics generation indicate that the biomass and the plants that operate with Fuel Oil No. 2 recorded 0% generation. However, in the case of the biomassremains one of the system’s alternatives.

In terms of technologies used, the power plants turbine of steam (including San Pedro Bio Energy) and combined cycles topped the list with 32% and 30% of the total generated, respectively.

They were followed by internal combustion engines with 25%, hydroelectric with 5%, parks photovoltaics with 5%, parks wind turbines with 3%, and finally the turbines gas in open cycle, which did not register generation (0%) indicates the MEM.

Factors that influence the prices of fuels

The prices of the fuels used in the generation electrical are determined by the quotes of the markets international, specifically the indices published by Platts by S&P Globala firm recognized for its research in markets energetic.

In its monthly report, the Ministry of Energy indicates that these quotes are affected by factors such as decisions geopoliticsclimatic conditions and seasonality, aspects that can generate significant fluctuations in the future prices of these raw materials.

In this context, the transaction model FOB (Free on Board)widely used in international trade, plays a key role. “According to the business school EAEthis incoterm stipulates that the seller delivers the merchandise on board the ship designated by the buyer at the port of shipment, being a frequent scheme in the trade of fuels fossils,” the document says.

Dominican journalist specialized in economics and finance, graduated from the Dominican O&M University.

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