An adequate regulatory framework and – in particular, its evolution – allow the opening and adoption of new technologies and market schemes, in addition to technological transformation. Electric mobility and the digitization of the sector enable us to achieve long-term goals and reliably bring our business closer to all our clients.
Our management before the energy-sector authorities of each country, directly and through the unions, is aimed at promoting innovative proposals and initiatives that contribute to the development of energy markets, increasing their efficiency and competitiveness, incorporating the latest technological trends and designing a new Business Model.
For this reason, we present alternatives so that the markets in which we participate have the necessary conditions for the management of operational and systemic risks related to the supply of energy in environments of competition or regulated freedom.
Celsia Internet. We led the review and monitoring of regulatory compliance for the development of the Internet business, initially developed for Valle del Cauca, Colombia. We have the expectation of taking it to the whole country.
Adjudication of the long-term power purchase auction with the Colombian Ministry of Mines and Energy. We accompanied the Business Development Team in the analysis of participation. The result was the adjudication of 769 GWh/year for 15 years, 18% of the total energy adjudicated, at competitive prices and with a stable income for two of our wind projects in La Guajira (Acacias and Camelia), which will enter into operation in the coming years.
Integration with Celsia Tolima. We unified revenue models, moved forward with the implementation of CREG Resolution 015 of 2018 and finalized the adaptation for the calculation of rates for our company.
Approval of distribution income for the Valle del Cauca and Tolima markets, in Colombia, under the methodology of CREG Resolution 015 of 2018. This allowed us stable income and an Investment Plan for approximately COP 1.1 trillion in five years to improve the quality of service and to reduce energy losses.
Thanks to the development of our self-generation solar projects in Panama and the understanding of self-consumption and self-sufficiency (distributed solar generation and solar farms), we identified regulatory opportunities and difficulties for this type of project in the region.
New Challenges
- Short Term0 to 2 years
- Medium Term3 to 5 years
- Long Term6 years or more
Promote the rapid implementation of intraday markets within the wholesale market to integrate them efficiently and sustainably into generation with non-conventional renewable sources.
Work on creating a competitive long-term contracting market for new and existing plants that allows managing risks to generators and marketers.
Support the initiatives of the Colombian Government to accelerate the implementation of smart metering and the development of new services, such as the Disconnection of Paid Demand.
Work so that electric mobility is an option and that the electricity market allows its flexible, efficient incorporation.
Promote the implementation of development of new technologies and schemes for the Distribution business in Colombia, such as microgrids, smart grids, transactional platforms, etc.
Manage and propose modifications in the regulatory conditions of Panama to promote the development of self-generation projects.
Together with the guilds, lead proposals to promote the sustainable growth of the competitive energy supply, the integration of non-conventional renewable energy sources, both at the distributed level and on a large scale, and a flexible framework that allows the development of new business models for the benefit of clients.
Promote the development of our MEGA focused on Cities, Companies and Homes, through the transformation of distribution systems.
Provide initiatives for the growth of distributed generation and self-generation to regulators in Central America in order to make better use of this technology.
Actively participate in the development of incentives that allow the transformation of the sector towards the digitization of the energy service and the modernization of the distribution, so that it becomes a meeting platform among consumers, prosumers, demand aggregators and energy marketers.
Promote efficient energy-storage schemes as an option to give firmness to the interconnected system before the entry of generation based on non-conventional renewable sources.
Present proposals to take advantage of storage at the distributed level, a great challenge given the flexibility and potential that prosumers will acquire.
Glossary
Regulatory Framework
All the resolutions issued by the Energy and Gas Regulation Commission (CREG, in Spanish). It is part of the general framework, such as the Political Constitution, and is made up, among others, of codes, laws, decrees and resolutions.
Wholesale Market
A set of information-exchange systems between generators and marketers of large blocks of electrical energy in the Commercial Exchange System, to carry out long-term energy contracts and in the Energy Exchange on defined quantities and prices, subject to the Operating Regulations and other applicable rules.
Microgrids
A group of distributed loads and energy resources with a clearly defined electrical frontier, which has the ability to be self-sufficient and operate in isolation or in parallel with the electrical system to supply local demand.
Self-Generation
Electric power generation carried out in the home, school or business. As a requirement to inject it into the grid, it must have been generated using non-conventional renewable energy. Self-generated energy will supply part of the total electrical consumption.