Superservicios fines Enel Colombia with $2.847 million for alleged distortion in energy prices

TL;DR

Enel Colombia was fined 2.847 billion pesos by Superservicios for price distortion in the energy market.
The company submitted high price offers, leading to the use of more expensive thermal plants and an artificial increase in energy prices.
This conduct displaced the Betania Hydroelectric Plant from economic dispatch, despite its full capacity.
Simulations by XM, the system operator, supported Superservicios' findings.
President Petro blamed Enel for inflation and demanded the company return overcharged amounts to consumers.
Superservicios stated the fine aims to ensure prices reflect real conditions and promote economic efficiency.

Continuar leyendo el artículo original