Axes of the energy transformation

Company News    Oct 3, 2021 2:54 PM

The government prioritized five work axes as part of the energy transformation process.

The Minister of Mines and Energy (MinEnergia), Diego Mesa, said that the roadmap for the energy transformation was designed through a joint work of more than two years, El Heraldo reported.

The expert said that this seeks to prepare the sector for new challenges, modernize the institutional and regulatory framework and facilitate the incorporation of new agents, technologies and transactional schemes to the energy market.

“This is fundamental to offer a safe, sustainable and competitively priced energy service to Colombians,” Mesa said.

The five axes on which the work of the Energy Transformation Mission focused are: competition, participation and market structure; the role of natural gas in the energy transformation; decentralization, digitalization of the industry, and efficient demand management; closing the gap, improving quality, and efficient design and formulation of subsidies and review of the institutional and regulatory framework of the sector.

Mesa said that this is a process that will take time and requires a coordinated work between the different entities.

ANDEG’s Alejandro Castañeda said that the guild actively participated in the elaboration of the roadmap. He expressed his concerns about issues such as the reliability charge and nodal prices.

“In terms of natural gas, the aim is to guarantee the supply, which seems correct to us because there are concerns about the reserves,” Castañeda said.

He said that guaranteeing ISA’s independence is a relevant point to work on.

Castañeda added that the sector expects clear rules regarding the intermittency that renewable energies will have when it comes into operation in 2023.

Bottom-Line: The government is leaving an advanced work to continue with the energy transformation of the country, generating great expectations among investors and Colombians.

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