Alert for low reservoir levels in Colombia: energy prices on the rise – 2024-03-28 19:21:04

by times news cr

2024-03-28 19:21:04

The reservoirs in Colombia are at a critical level, with a percentage of 32.89%, which marks a historical minimum in the last 20 years for the month of March. This situation is beginning to have a direct impact on prices in the energy market.

According to data from period of the previous year.

The effects are already being felt in the energy market. “The stock market price already reflects this greater thermal generation and the reduction in the level of the reservoirs, so much so that for today we have an estimated price of more than $700 per kWh,” said Julio César Vera, president of Xua Energy.

Although the useful volume of the reservoirs remains 4.78 points above the reference path defined in Creg Resolution 209 of 2020, which is 28.11% to date, it is necessary to have optimal thermal generation to cover energy demand.

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Juan Carlos Morales Ruíz, manager of XM’s national dispatch center, pointed out that efficient use must be made of the entire electrical infrastructure and the maximum thermal generation available. In addition, it is crucial to guarantee the supply of gas and other fuels for the operation of the thermal park.

The situation worsens when seeing the reduction in the main reservoirs of the system, such as Guavio, Riogrande 2 and Quimbo, which have alarmingly low levels.

Given this scenario, Ricardo Sierra, president of Celsia, emphasized the need to ensure the availability of gas or other fuels for the coming weeks.

Although an increase in rain is expected in the coming weeks, experts warn that it is necessary for it to be significant and for the reservoirs to recover quickly. Otherwise, the energy system could face shortage prices and supply difficulties.

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