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August 12, 2024
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The Creg called for a firm energy reconfiguration auction in response to deficit alerts

Deadline for Creg to regulate measure that would lower energy rates is running out

The The Energy and Gas Regulatory Commission (Creg) announced the call for an auction to reconfigure the Firm Energy Obligations (OEF) for three periods ranging from 2025 to 2028 before deficit alertst.

(You may be interested in: Comptroller’s Office expresses concern over the results of the job auction)

The entity had said it was carrying out a revision in the balance of supply and demand of energy for those moments in order to establish energy needs and whether additional actions were required.

In this regard, the entity indicated that the result shows the need to hold a reconfiguration auction for the periods 2025-2026, 2026-2027 and 2027-2028. In the communication, the entity did not specify what the objective for each year should be.

(Recommended: Colombia calls for review of energy supply and demand balance for the coming years)

For this the document has not yet been submitted. draft resolution, which is expected to be made public in the coming days and in this way, the plants that have firm energy and can participate in this mechanism receive allocations.

“The draft resolution will include the schedule of activities for the auctions, which will be carried out sequentially. In addition, Incentives will be established for the participation of existing plants, existing plants with works, special plants under construction and new ones.“, the Creg said in a statement.

(Read also: Wind power projects call for change in reliability-based remuneration model)

Among the decisions that the entity is about to make is also an analysis of the need to call for a new generation expansion auction for the periods 2028 – 2029 and 2029 – 2030.

Electrical energy

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It is worth remembering that andn In February of this year, an expansion auction for reliability charge was closedd, in which obligations were awarded to 33 plants, most of them solar.

(In context: Reliability fee auction leaves country facing a bigger deficit for 2027-2028)

At the time, Portafolio warned that the results of the award and based on the average demand projections of the Mining and Energy Planning Unit (Upme)) showed that for the period called (2027 – 2028) the award did not cover the need of demand, that is, the deficit remained.

This implied that Actions such as those being called for by the Creg were required, which tend to cover the lack of energy.. For the period 2027 – 2028, the energy shortage would be 14 gigawatt hours per day. This represents almost twice the firm energy that a plant like Chivor (with an effective capacity of 1,000 megawatts) puts into the system, whose firm energy is 8 megawatt hours per day.

LaterAnd, unions such as Acolgen and Andeg called for new auctions to be held with complementary technologies that would provide strength to the system and thus cover the missing energy.

PORTFOLIO

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