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Reliability Charge
What is Reliability Charge?
Firm Energy Obligation
Auction for the Allocation of the OEF
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Colombia and its Electricity Sector in Figures

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This is an informative document and does not replace the regulation issued by the CREG.

Colombia and its Electricity Sector in Figures



Official Name Republic of Colombia
Area 1.141.748 km2
Population 42 million inhabitants
(75% in urban area, 25% rural area)
Capital Bogotá (6.7 million inhabitants)
Official Currency Colombian Peso (COP$)
Exchange Rate, 2006 2,358 COP$/$
Gross Domestic Product, 2006 US$136 billion [ * ]
Real Growth of GDP, 2006 6.8%
Annual Inflation, 2006 4,48%
Proven Reserves of Natural Gas, 2006 4,342.2 Giga cubic feet[ ** ]
Reserves of Coal, 2005 2,328 million metric tons
Generating Companies, 2006 36
Transmission Companies, 2006 11
Distribution Companies, 2006 32
Commercialization Companies, 2006 67
Generation Capacity, 2006 13.280 MW
Composition of the Generation Capacity 66% hydraulic
33% thermal
Energy Demand, 2006 50.815 GWh
Growth of Energy Demand, 2006 4,07%
Peak Demand, 2006 8.762 MW
Growth of Peak Demand, 2006 1,42%
Firm Energy for the Reliability Charge (declared by generators), 2006 60.6 TWh-year
Private Participation in the Generation Activity 45% of the installed capacity
Public Participation in the Generation Activity 55% of the installed capacity
International Interconnections Venezuela import capacity 215 MW
export capacity 285 MW
Ecuador import capacity 205 MW
export capacity 336 MW
Next in line Panamá
Value of Transactions Implemented through
the MEM, 2006
US$ 2,848.4 million
Value (in Million USD) and Composition of the Transactions in the MEM, 2006 Spot Market 527 (18,44%)
Capacity Charge 535.8 (18,83%)
Bilateral Contracts 1.614,2 (56,71%)
Mustrun Generation 123,4 (4,34%)
AGC 47,9 (1,69%)
Reliability Charge Remuneration for Generation Companies with declared ENFICC, 2007 US$ 685 million


* Preliminary value reported by the National Statistics Department of Colombia (Departamento Administrativo Nacional de Estadí­stica, DANE).
** Source: Ecopetrol.