The four pillars of the strategy to reduce energy prices

the minister of Mines and Energy, Irene Vélez, In the company of several representatives of the country’s energy sector, he presented the solutions proposed by the national government to reduce energy rates within the framework of the Pact for Tariff Justice.

(Government announces measures to curb energy hikes).

The minister pointed out that there are 4 components of this solution. The first of them referring to regulations that “immediately affect the rate for the benefit of users”said.

Secondly, he stated that after meetings with the chain’s actors, they have found willingness on the part of the generators and marketers of the service to renegotiate their bilateral contracts and apply new indexers that allow a brake on the increase in cost or even a reduction.

In a third point, he pointed out that a follow-up will be carried out by the Creg and the Ministry so that these agreements are fulfilled. Finally, he pointed out that the dialogue that has been opened with those involved in the chain will be continued so that consumers of this service continue to benefit.

(Energetic romp).

These points pointed out by the minister were already known. In fact, the regulatory measures that she referred to are draft Resolution of the Creg seeking to apply the lowest indexer between IPC and IPP in transmission and distribution contracts.

The deputy minister of Energy, Belizza Ruiz, affirmed that another regulation seeks that marketers can defer up to 18 months the payments of tariff option obligations that should be paid between September and December of this year.

The last point of the regulation refers to some adjustments in the restriction rate that is applied to the energy generated by the combined cycle thermal plants. Although he pointed out that these caused concern among the generators, he said that it would be reviewed in a term of 5 months to evaluate how it would continue to be applied.

In his turn, Camilo Sánchez, president of Andesco, pointed out that the reduction could be seen in November, despite the fact that the minister said that the regulatory effects could be felt immediately.

(Instability, lawsuits and other risks of intervening in the Creg).

At the moment, from the negotiations of bilateral agreements, it is known that both EPM and Isagen will provide relief to marketers, so that the increase in the cost of the energy they buy is either stopped or even reduced.

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