Tag: XM

Low reservoir levels will have no impact on energy rates, Energy Minister

Low reservoir levels will have no impact on energy rates, Energy Minister

The absence of rain and the dry season continue to accelerate and an example of this is what the XM Energy Dispatch Manager reports show in the country. The energy matrix of the largest contributing country (more than 60% generated by water) shows that usable reservoir levels reached 61.1% and reported on January 22. And […]

The price of a kilowatt hour rose by 0.51% in October

The price of a kilowatt hour rose by 0.51% in October

The contracts awarded through the Central Information System for Public Calls, Sicep, also reflected an increase of 0.55% in their weighted average price compared to the month of September, which amounted to $282.75 kWh. The month of October was also marked by a significant increase of 5.7% in energy supplies through contracts awarded by Sicep. […]

“There is no risk in terms of energy security, but it is urgent to solve the financial problems”

“There is no risk in terms of energy security, but it is urgent to solve the financial problems”

The guilds and experts spoke out after learning of a report XMin which 36 energy companies would be in serious financial trouble, of which 17 would be marketing companies that would be in trouble due to lack of liquidity, which, in a domino effect, will affect another 19 companies. Moreover, this is in addition to […]

Non-compliance by twenty energy companies would result in a supply restriction

Non-compliance by twenty energy companies would result in a supply restriction

Users of twenty electricity companies, including Air-e (operator in Atlántico, Magdalena and La Guajira), could face a possible suspension of services because the companies do not meet the deadline for paying their obligations. According to the capital’s radio station ‘Blu Radio’, the companies received an ultimatum from the wholesale market on Thursday following the failures […]

‘Exhaustion of the energy transport network would affect services on the coast’

‘Exhaustion of the energy transport network would affect services on the coast’

The operator of the National Interconnected System (SIN), XM, reported that the depletion of the energy transmission network would affect services on the Caribbean coast, recognizing that risks arise due to the increase in demand . The entity emphasizes that during the operation of the SIN and in the most recent analyzes of the medium-term […]

In April, the country’s energy reservoirs closed at 62.11%

In April, the country’s energy reservoirs closed at 62.11%

In April, the aggregated level of power generation reservoirs was 62.11% of usable volume, which was 2.23 points above the level reported at the end of March 2023, which was 59.88% and 1.86 points below the same month of 2022 lag (63.97%). In contrast, contributions for the month of April were 113.6% above the historical […]

Energy stock price fell 44.43% in March

Energy stock price fell 44.43% in March

In March 2023, the average price of the electricity market in Colombia was 296.6 COP/kWh, which represented a decrease of 44.43% compared to the average price of the previous month, which was 533.7 COP/kWh, making the upward trend it brought was reversed into February. According to XM, this price is lower compared to the recorded […]

Price on the power exchange reaches $533, the maximum of the past 7 years

Price on the power exchange reaches $533, the maximum of the past 7 years

The energy stock price rose 42.61% in February over the average price of the previous month, reaching 533.7 pesos per kilowatt-hour. This is the highest value presented since March 2016. According to Cecilia Maya, manager of the XM wholesale energy market, this increase is explained by the reduction in the percentage of useful volume of […]

Define Creg’s energy auction schedule

Define Creg’s energy auction schedule

Companies interested in participating in the energy auction that the national government has convened through the Commission Regulations for Energy and Gas (Creg) must make a declaration of interests from 24 May. This auction is conducted with the aim of contracting the energy from December 1, 2027 to November 30, 2028. The schedule is published […]

Energy demand in the Caribbean region increased by 6.24%

Energy demand in the Caribbean region increased by 6.24%

In January, energy demand in the Caribbean showed an increase of 6.24% compared to the same month of the previous year. This means that it is the fourth region with the highest energy demand in Colombia, with Guaviare being the first with an increase of 13.17%, followed by Oriente (8.08%) and Centro with 7.38%. It […]

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