Guatemala: Electricity at Bargain Prices

The sustained fall in oil prices has led to record lows on the price paid by Guatemalan wholesalers for energy in the spot market.

Wednesday, January 20, 2016

The spot price paid by wholesalers in December went down by 12.5% ​​compared to what was paid in the same month in 2014, totaling $41.55 per MW. According to the National Energy Commission (CNEE) and the Wholesale Market Administrator (AMM), it is the lowest amount paid in the last six years.

In a publication by Prensalibre.com, Romeo Rodriguez, energy consultant, said: "... there are three positive variables which can lower the spot price. One is that the energy mix being ​​no longer dependent on oil, but rather more on the behaviour of the winter (hydroelectric generation). The other, on international prices, which have registered lows for fossil fuels, and the third, on the oversupply of generation in the medium term. "

"... By 2016 it is expected that similar or lower prices will remain, considering that the price of oil is lower. Yesterday, the price was $28.46 per barrel. "



More on this topic

Controversy Over Electricity Tariffs

July 2019

In Guatemala, the distribution company Energuate appealed the resolutions of the National Commission of Electric Energy, arguing that the losses because of social conflict were not considered in the authorized tariffs for the next five years.

The controversy began after the National Commission of Electric Energy (CNEE) approved the Non-Social Tariff and Social Tariff Sheets for the 2019-2024 period, which stipulate the final prices of electric energy service for users of Distribuidora de Electricidad de Occidente S.A. -DEOCSA- and Distribuidora de Electricidad de Oriente S.A. -DEORSA-. See CNEE newsletter.

Guatemala: Data from Wholesale Electricity Market - 2015

February 2016

Regional Priority Supply Contracts with the MER have come into effect, and there has been an increase in renewable energy in the generating capacity due to the entry of photovoltaic and wind power.

A preliminary report by the Wholesale Market Administrator provides a summary of results of 2015, with details of the participation in the production and consumption of energy.

Electricity Transmission Network to be Delayed Another Year

March 2013

The Expansion Plan by the Electricity Transmission Network in Guatemala will not be completed in October 2013, due to problems in the granting of permits and rights of way.

Carmen Urízar, president of the National Energy Commission (CNEE by its initials in Spanish), expressed concern over the delays at Trecsa (subsidiary of the Colombian consortium BSE-EDM Guatemala who won the bid for the project), because now the execution of the work should be 80% complete, but it is only 60% complete, which is about 511 kilometers out of the agreed 853.

Panama: Extension to Deadline for Power Contracts

January 2013

The National Authority of Public Services has extended by six months the deadline for participants in the wholesale electricity market to buy electricity from distribution companies.

The previous deadline was 31 December 2012.

A statement from Resolution AN No. 5837 by the National Authority of Public Services (ASEP) reads:

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