Experts discussed about the reliability charge and other key issues for the energy sector.
Federico Echavarría, General Manager of AES Colombia, said that the reliability charge has worked for the country, allowing “the electricity sector to deliver energy for Colombia,” Analitik reported.
“It does not make sense to change to another energy sufficiency scheme when we have one that has worked, but it is important that the reliability charge is adjusted to current situations,” Echavarria said.
The expert said that Colombia does not have capacity problems, as the problem is generation.
Isagen’s Camilo Marulanda said that the reliability charge has been a positive scheme for the country, allowing the expansion of the system and guaranteeing supply in complex moments.
Marulanda said that the country must define what will be the mechanism to expand the system.
The expert said that stability in the rules of the game is important, since there are projects for 20, 30 and 50 years.
“Investors cannot be thinking about when rules are going to change,” Marulanda highlighted.
José Miguel Mendoza, Partner at DLA Piper Martínez Beltrán, said that the system built from the reliability charge guarantees that there will be energy at the most critical moments.
Mendoza said that fines do not fix the problems in terms of reliability.
“In the last eight years, the Superintendence has imposed the highest fines in the country’s history,” Mendoza said.
He said that these fines have not given greater reliability, because they arrive late when the obligations have already been breached and the damage has been done.
“Fines can even aggravate the problem if they are imposed on a generator that is illiquid or close to insolvency,” Mendoza said.
Bottom-Line: Colombia needs to continue encouraging the development of renewable energy projects to provide greater reliability to the system in times of low rains.
Diversifying the energy matrix is fundamental to avoid the risk of power outages.