On December 5, 2023, the Secretary of Energy published Resolution 976/2023 (“Resolution 976”), which establishes new charges for the Large Users of the Wholesale Electricity Market (“WEM”) and the Wholesale Electricity Market of Tierra Del Fuego System (“WEMSTDF”), that are supplied by the respective distribution companies.
The most relevant aspects of Resolution 976 are outlined below:
I. Scope and effectiveness
Resolution 976 is applicable to Large Users of the WEM and WEMSTDF that are supplied by the relevant distribution company. Resolution 976 shall come into effect starting on February 2024.
II. Charges included in Resolution 976
- Stabilized Charge
The Stabilized Charge will be calculated as the difference between the Average Energy Price of the WEM and the sum of the Power Reference Price (POTREF), the Stabilized Energy Price (PEE) and the Stabilized Transportation Price (PET) established by Resolution 884/2023, applicable to the whole demand characterized as GUDIs, except for public education and health establishments.
- Capacity Adjustment Charge
The Capacity Adjustment Charge will be determined based on the difference between the Monthly Reserve Price and the stabilized Power Reference Price (POTREF) and applied to the difference between the maximum and average requirement of Large Users.
III. Undersecretary of Electric Power to adopt complementary measures
The Secretary of Energy empowers the Undersecretary of Electric Power to dictate any complementary regulation that may be required to apply Resolution 976.
For additional information, please contact Nicolás Eliaschev, Javier Constanzó, Daiana Perrone, Luciana Tapia and/or Victoria Barrueco.