Colombian energy storage power supply quality recommendation

How does Colombia ensure security of electricity supply?

The main mechanism to ensure security of electricity supply is Colombia’s reliability charge, which has also seen increasing participation from renewable energy capacity since 2019. The scarcity pricing formula was reformed in 2015/16 and today reflects the cost of the oldest diesel generator.

Could Colombia benefit from a normative energy system?

Colombia could benefit from the development of a normative energy system scenario that is consistent with the legislated goal of net zero emissions by 2050, set out in the Climate Action Law (2169/2021).

Does Colombia have a long-term energy strategy?

Under Colombia’s long-term strategy (E2050), oil continues to play a role for exports but declines strongly in the domestic energy system. By 2050, the country targets an increase in electrification of final energy consumption of 40-70% of final energy use, multiplying by seven the electricity consumption in 2015.

What are the pillars of Colombia's energy use?

Accounting for 89%, hydropower and solid biomass are the pillars of Colombia’s energy use. Notes: Solar, wind and bioenergy (electricity) figures are very small and not visible on this chart. Source: IEA (2023). Colombia stands out among IEA countries for having a large share of renewable energy in TFEC (29% above the IEA average of 14%).

What is the power system in Colombia?

Colombia’s power system consists of an interconnected grid (the National Interconnected System, SIN in its Spanish abbreviation), covering 97% of the total electricity demand, and the non-interconnected zones, which are supplied by local small electricity generation plants, running mainly on liquid fuels, such as diesel (IMF, 2019).

Why is battery storage important in Colombia?

An initial auction for battery storage was successful to optimise the use of the transmission grid. Colombia has a largely decarbonised power sector thanks to the significant role of hydropower and bioenergy.