The Energy and Gas Regulatory Commission (CREG) enacted a - TopicsExpress

The Energy and Gas Regulatory Commission (CREG) enacted a “Reliability Charge” that recognizes the availability of generation assets to insure “firm generation capacity - OEF” under critical conditions, becoming a major incentive to develop new power projects in Colombia. Recent power auctions under this new market-oriented mechanism, generated new power plant commitments, mostly hydro-based plants and increasing the share of hydro-based generation (to reach 72 percent) with the incorporation of Porce III and IV, El Quimbo, HidroSogamoso and Pescadero-Ituango, totaling more than 4,000 MW.

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