The energy generation and marketing company Isagen he responded to the company Airafter the energy marketer on the Coast asked the Superintendence of Industry and Commerce investigate power generators for alleged “restrictive practices”.
Air-e denounced the electricity generating companies and considers that a “investigation and confirmation” if they have advanced “willful actions and omissions with the objective of distorting and increasing energy stock market prices at will”.
Given this statement, Isagen indicated that its commercial strategy consists of selling energy dispatches through long-term contracts, seeking the financial sustainability of the company and stability in energy prices for its customers.
“The sale of energy on the stock market is not the company’s main activity. In fact, in times of low hydrology and high stock market prices, Isagen has been a net buyer of energy, given the low regulation of the portfolio of reservoirs that we manage. “he expressed.
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“This has happened on several occasions in recent months, when our purchases on the stock market have been higher than our sales and we have assumed the cost of high prices to meet our obligations with distributors”he added.
Isagen assured that “has understood the particularities of the most vulnerable markets in the country and by virtue of the above and within the framework of the National Tariff Justice Government’s initiative, it granted unilateral and voluntary discounts on long-term contracts”.
“Only the discounts to the Air-e company add up to $21,000 million during the years 2022-2023. In the same way, it has deferred payments corresponding to several long-term energy sales contracts and stock market transactions under conditions that improve the condition “The balance of these agreements with the company Air-e to date exceeds $20,000 million pesos.”revealed the energy generation and marketing company.
But not only this, Isagen pointed out that it offered Air-e 1,345 gigawatts (GWh) of energy, so that it could reduce its exposure to the stock market.
“This offer represents about 9% of Isagen’s annual generation capacity”the company emphasized.
“However, Air-e only signed contracts for 981 GWh for the years 2024, 2025 and 2026. Isagen rigorously complies with all the regulations that govern the electricity sector and the general competition rules. It also reiterates its total willingness to collaborate with the Superintendency of Industry and Commerce and will provide all the required information, certain of being able to demonstrate its correct conduct.”Isagen added.
