CREG · Comisión de Regulación de Energía y Gas

Reliability Charge

What is Reliability Charge?

Firm Energy Obligation

Auction for the Allocation of the OEF

Firm Energy for the Reliability Charge

The Contingency Mechanisms

Settlement

Guarantees

Legal Basis (in spanish)

Transition

Documents for Consultation (in spanish)

Colombia and its Electricity Sector in Figures

> Related Links

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

Guarantees

Guarantees to ensure the compliance of the following are required:

	Starting operation of a new or a special generation plant or unit;
	Contracting fuel supply and natural gas transportation required to back-up the OEF;
	Continuous fuel availability during the commitment period of the OEF for thermal generation plants and units;
	Declaration of an ENFICC higher than the ENFICC Base for hydraulic generation plants;
	Declaration of a higher ENFICC due to improvements in the IHF;
	Payment of the success fee of the promoter of the auction.

These guarantees should:

	Cover all the concepts arising from the OEF market that are required from the generators;
	Grant the ASIC the prerogative to obtain immediately and unconditionally the payment for the guaranteed obligation when this obligation is executed;
	Grant ASIC an irrevocable and unconditional capacity to execute the guarantee;
	Be liquid and easy to execute.