Increase in energy prices on the stock market could be reflected in a 10% increase in rates – 2024-04-04 20:18:01

by times news cr

2024-04-04 20:18:01

The energy sector faces an escalation in stock market prices that could directly impact consumers’ pockets. In recent days, prices have experienced a constant increase, going from $500 to a surprising $1,021.60 per kilowatt hour in the last day, which represents an interday increase of 33%.

According to experts, these increases could translate into an increase of up to 10% in rates for end users. This worrying situation has generated urgent calls for the Creg commissioners who are still pending to be appointed, with the aim of signing resolutions that allow these values ​​to be controlled.

Sandra Fonseca, executive director of Asoenergía, highlighted the importance of acting quickly in this situation. She noted that under these circumstances, firm power obligations and the reliability charge are triggered. Additionally, she warned about the possibility of activating the statute for shortage situations if this trend persists for five consecutive days. This measure would allow actions to be implemented to preserve resources and guarantee a stable supply.

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Concern also extends to the possibility of rationing and cost overruns. Julio César Vera, president of Xua Energy, explained that the impact will be greater on users served by marketers more exposed to the stock market and with less coverage in contracts.

Given this scenario, the importance of activating Creg Resolution 026 of 2014 or Statute for Shortage Risk Situations has been highlighted. This measure seeks to ensure that all thermal generation is used at the scarcity price, without this implying an additional cost for users.

Regarding fears of rationing, the Minister of Mines and Energy, Andrés Camacho, assured that the situation is being closely monitored and, for the moment, there is no imminent risk. However, he highlighted the need to maintain vigilance and efficient management of energy resources to avoid any eventuality.

With uncertainty in the air and careful attention to stock market prices, the energy sector faces a crucial challenge to maintain stability and guarantee a reliable supply for all Colombians.

You can read: The price of energy skyrockets due to low reservoir levels: it exceeds $850 per kWh

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