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| This is an informative document and does not replace the regulation issued by the CREG. |
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Auction for the Allocation of the OEF
Periodicity of Auctions |
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Taking into account that the purpose of conducting auctions is to acquire firm energy, these auctions only take place when it is estimated that the demand for energy three years from now can not be covered during scarcity periods of power supply by the firm energy production of existing generation resources and new resources that will enter into operation during the next three years.
Annually, the CREG evaluates the balance between the supply and demand of firm energy and if the CREG deems it necessary to convene an auction, it communicates this decision through a Resolution, and indicates the timetable of the activities required before and after the auction to enable bidders to participate in the process and to formalize the allocation of the OEFs. |
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