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Reliability Charge
What is Reliability Charge?
Firm Energy Obligation
· Scarcity Price
· Commitment Period of the OEF
· Verification of the OEF
· Remuneration of the OEF
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

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

Firm Energy Obligation
Scarcity Price



The Scarcity Price, which is established by the CREG and updated monthly based on the variation of the Fuel Price Index [ * ], has a double purpose. On the one hand, it indicates the time when the different generation units or plants will be required to fulfill their OEFs, which happens when the spot price exceeds the scarcity price, and on the other hand, it is the price at which this energy will be paid.


> See Current Scarcity Price
> See Article 4 of the CREG Resolution 071 of 2006


* The Fuel Price Index corresponds to the New York Harbour Residual Fuel Oil 1% Sulphur LP Spot Price.