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| This is an informative document and does not replace the regulation issued by the CREG. |
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Firm Energy Obligation
Remuneration of the OEF
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The generator who acquires an OEF will receive a fixed remuneration during the commitment period of the OEF, whether the fulfillment of this obligation is required or not. The price for each kilowatt hour of the OEF corresponds to the clearing price in the auction in which the generator sold its firm energy.
This price is denominated as Reliability Charge. When this firm energy is required, which happens when the Spot Price surpasses the Scarcity Price, aside from the Reliability Charge the generator also receives the Scarcity Price for each kilowatt hour generated associated with its OEF. In case the energy generated is more than the obligation specified in the OEF, this additional energy will be paid or rewarded at the Spot Price.
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