Due to reservoir levels, the Ministry of Mines and Energy asks power generators to lower energy prices
Power generators Photo: Ministry of Mines and Energy
TL;DR
- The Colombian government is urging energy generators, especially hydro-based ones with low operating costs, to reduce electricity prices.
- This call is prompted by high reservoir levels across the country.
- The Ministry of Mines and Energy requests adherence to "New Low Prices by Technology" rules defined by the Creg.
- State-participating generators like Gecelca, Gensa, and Urrá are expected to lead in implementing these measures.
- The objective is for energy prices to reflect real generation costs and for these benefits to reach users.
- The government also encourages generators to use contracting instruments to reduce exposure to volatile market prices.
- A responsible operation of reservoirs is stressed, considering short-term conditions, climate variability, and climate change effects.