Superservicios intensifies surveillance due to increased energy prices despite high reservoir levels

TL;DR

The Superintendency of Public Utilities has intensified surveillance on the wholesale energy market.
This action is in response to electricity price increases that do not correspond with the system's current conditions.
Colombian reservoirs are at historically high levels, with an aggregate useful volume of 66%, surpassing the historical average of 41%.
Despite favorable water levels, some hydropower generators are offering energy at high prices, over 328 pesos per kilowatt-hour.
The Superintendency is conducting technical follow-ups, inspections, and formal inquiries into energy generation companies, particularly those operating hydropower plants.
The goal is to verify if operational conditions and water resource management comply with current regulations.
The agency is monitoring reservoir levels, water inflows, generation offers, and wholesale market price trends.
A call has been made to XM, the energy market operator, to ensure economic dispatch and report potential non-compliance.
Generators are reminded of their obligation to manage resources efficiently and responsibly, ensuring offer prices reflect system conditions.

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