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| This is an informative document and does not replace the regulation issued by the CREG. |
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| Transition |
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The migration from the previous managed Capacity Charge scheme to the new market scheme Reliability Charge includes a transition period which will culminate three years after the first Auction is executed but specifically on this date of that particular year, November 30.
During the transition period the mechanism to allocate the OEFs is not through Auctions. These OEFs will be allocated annually to each generator, on a prorated basis according to its ENFICC declaration, to cover the projected energy demand for each year.
For the first year of the transition period (December 1, 2006 to November 30, 2007), all the generators with declared ENFICC will be remunerated for the concept of Reliability Charge a total sum of US$685 million approximately.
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