Derivex’s fourth auction

Company News, Energy    Aug 5, 2021 6:02 PM

Derivex held its fourth monthly energy hedging auction, organized within its energy futures platform.

This process had two new features: the addition of 2025 to the commercial transactions and a greater dynamism in the monthly offers, Valora Analitik reported.

The company announced the signing of an energy contract for December 2024. The agreement consists in a purchase of 360,000kWh/month at a value of CoP$220.

“Although it is little energy, we see that there is starting to be a lot of dynamism in monthly offers. This shows that there is increasing interest and, above all, that the players are understanding the mechanism more and better,” Derivex’s Juan Carlos Tellez said.

Tellez said that the December 2024 contract traded at CoP$220, but in the case of buying the whole year it will sell for more.

Derivex said that the best selling price was CoP$253 per KWh, while the buying price was CoP$223 for 2024.

The most expensive minimum bid during the auction period was for 2022 with CoP$276 per kWh for sale and CoP$238 per kWh for purchase.

The best price was CoP$246 per kilowatt-hour (kWh) for sale and CoP$236 for purchase for 2023. And for 2025, the minimum bid for sale was CoP$252.25 per kWh and the minimum bid for purchase was CoP$203.

“An observation regarding the past auction is that, for the 2023, 2024 and 2025 sales blocks, lower prices were offered; the price in this case was higher but for 2022,” Tellez said.

Bottom-Line: These processes are fundamental to include small-scale projects and thus boost generation through new energy sources.

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