The Herald knew some of the draft text of the decree of the Ministry of Mines and Energy which will determine the measures so that marketers and distributors, especially those in the Colombian Caribbean, can face situations such as the high exposure in the market, which has skyrocketed the cost of the kilowatt hour.
The Colombian Association of Electricity Generators (welcome) and the National Association of Public Service and Communications Companies (Andesco) and the Colombian Association of Electrical Energy Distributors (Asocodis) plus the letter signed by 14 former Energy Ministers to President Gustavo Petro, they have insisted on the lack of liquidity of the energy marketers, the recovery of the accrued balances of the tariff option, the streamlining of various financing mechanisms and increasing their amount, at least for the coming years. create total balances and enable this for all energy purchasing companies with high exposure to the stock market, and allocate own resources in the general budget of the nation.
He first article of the decree of the Ministry of Mines and Energy points out thisMarketers and distributors must meet conditions such as paying attention to their users.that they have accrued balances awaiting collection from customers for the attention of the rate option to which the resolution of the C refersomission of Gas and Energy Regulation (Creg) 012 of 2020 and its amendments. That they present positive accumulated rate option balances that are greater than the monthly average of payments to the Administrator of the Commercial Exchange System (Asic) and to the Trustee and Administrator of the Accounts LAC over the past twelve months. And the draft decision estimates that the measures will be extended until April 30, 2024
The rate option was the regulatory measure that did that allowed companies to define the maximum costs for providing energy services that can be moved to regulated users.
The country’s energy marketers are still waiting for the first lifeline offered by the government through loans from Findeter for a trillion pesos in 2023 at a compensated rate, and they are also waiting for the payment of the debt incurred by the users of the companies on behalf of the tariff option amounts to $5.15 billion.
For Asocodis, the balance is divided as follows: $1 billion would correspond to subsidies, $1 billion for debts of users or state institutions across the country, plus $500 billion from September.
Marketers in the Colombian Caribbean are on alert. Firstly, due to the high exposure in the energy purchasing market due to higher prices that reached $880 kilowatt hour last June and rose to $1,062.43 kWh today. And secondly, because of the scenario Acolgen has indicated, this is crucial because the country’s energy security is at stake.
Acolgen said in a statement that the levels of useful energy in the reservoirs (more than 60% generate the country’s energy) decreased by 11% between September and October due to hydrological contributions to 59% of historical averages that reduce water discharge not compensate. produced for its operation.
Acolgen added that there is a smaller supply of gas, an essential energy for thermal power generation; and the delays in the commissioning of generation and transmission projects, especially wind and solar projects in La Guajira.” As time goes by The country’s energy security is being jeopardized and the margins between supply and demand in the short and long term become critical.”
Source: El heraldo

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.