GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
14:43 Jul 9, 2017 |
|
Spanish to English translations [PRO] Tech/Engineering - Energy / Power Generation / Contracts | |||||||
---|---|---|---|---|---|---|---|
|
|
Summary of answers provided | ||||
---|---|---|---|---|
2 +2 | Energy Generated Contracts (EGCs) |
|
Summary of reference entries provided | |||
---|---|---|---|
Ref. |
|
Energy Generated Contracts (EGCs) Explanation: http://www.disanlegal.com/colombia-making-way-for-renewables... Colombia’s energy regulatory authority presented four alternatives for a framework aimed at introducing renewables into the country’s energy pool. Colombia continues to advance on the regulatory steps required for the entry of large scale renewable energy projects into its energy matrix. On February 1, 2017, Colombia’s Commission for the Regulation of Energy and Gas (CREG) held a workshop to present four pricing and contract mechanisms currently under consideration by the regulatory body (Circular 99 containing CREG Document 161 of 2016). The CREG deigned these alternatives to accompany its existing reliability payments (Cargo por Confiabilidad). 1. The Green Bonus alternative: Under this alternative, a renewables subsidy would be paid for 15 years to winning bidders, which would be those with the lowest marginal Green Bonus ask price. ***2. The Energy Generated Contract (EGC) alternative: Under this alternative, winning bidders would receive a fixed price for generated energy for 15 years, which would be paid by retailers in the regulated market. Winners would be those with the lowest bid price up to the marginal capacity sought.*** 3. The Energy Purchase Contract (EPC) alternative: Under this alternative, winning bidders would offer the lowest price on a set amount of average energy generated per year with a 10% cushion. Retailors would buy all such energy at the price of the marginal winning bid monthly at 1/12 of the annual contracted price. At year’s end, either respective side would reimburse any excess or shortfall on the agreed amount. 4. The Open Bid Energy Purchase Contract (OBEOC) alternative: The forth mechanism under consideration is an open tender where renewables and traditional energy compete openly where price is the only consideration. Bidders will be selected for their marginal lowest price, which will be paid to all bidders for 15 years. -------------------------------------------------- Note added at 6 days (2017-07-15 14:53:48 GMT) -------------------------------------------------- Thank you. However, I would like to point out that "Pague lo Contratado" is "Take OR Pay", not "OF". See reference: "Parágrafo 2. En la modalidad contractual Pague lo Contratado o Take or Pay..."- |
| |||||||||
Notes to answerer
| ||||||||||
|
36 mins |
Reference: Ref. Reference information: Contrato bilateral, escrito y a término, en el cual el comprador se compromete a pagar un porcentaje (% de ToP) del gas contratado, independientemente de que éste sea consumido. El vendedor se compromete a tener a disposición del comprador el 100% de la cantidad contratada. El precio del gas por todo concepto que se establezca para esta modalidad contractual, deberá estar relacionado de manera inversa al Porcentaje de Take or Pay (% de ToP), o cantidad de gas que se comprometa, independiente del consumo. En esta modalidad contractual se ofrece un Servicio de Suministro en Firme o que Garantiza Firmeza. El comprador tendrá el derecho a utilizar el gas pagado y no tomado, durante los doce (12) meses siguientes al pago del gas no tomado, en el Punto de Entrega definido contractualmente. Para el efecto, el vendedor podrá cubrir la obligación de entrega con gas propio o con gas proveniente de terceros, asumiendo en todo caso el costo del transporte adicional que se requiera. Parágrafo 1. Las obligaciones de tomar o pagar el gas por parte del comprador, en un Contrato "Take or Pay", se liquidarán sobre una base mensual de cantidades promedio diarias. Parágrafo 2. En la modalidad contractual Pague lo Contratado o Take or Pay con suministro proveniente de campos cuyo precio en boca de pozo se encuentre regulado, el precio acordado deberá ser menor o igual que el Precio Máximo Regulado de que trata la Resolución CREG 119 de 2005 o aquellas que la sustituyan, modifiquen o aclaren. (Fuente. R. CREG-023-2000; Art. 1; modificado por R. CREG-070-2006; Art. 2) http://www.creg.gov.co/index.php/en/component/glossary/Gloss... PAGUE LO CONTRATADO Tipo de contrato en el que el comercializador se compromete a pagar toda la energía contratada, independiente de que esta sea consumida o no. Si el consumo es mayor que la energía contratada, la diferencia se paga al precio de la Bolsa correspondiente, según se trate de transacciones domésticas o internacionales. Si el consumo es menor que la energía contratada, este excedente se le paga al comercializador al precio de la Bolsa correspondiente, según se trate de transacciones domésticas o internacionales. (Fuente: R. CREG-024-1995; Anexo A-3 - R. CREG-112-1998; Art. 11) PAGUE LO DEMANDADO Tipo de contrato en el que el agente comprador solamente paga (a precio de contrato) su consumo, siempre y cuando éste sea inferior o igual a la cantidad de energía contratada (Tope máximo). Si el consumo es superior, la diferencia se liquida al precio de la Bolsa correspondiente, según se trate de transacciones domésticas o internacionales. (Fuente: R. CREG-024-1995; Anexo A-3 - R. CREG-112-1998; Art. 11) -------------------------------------------------- Note added at 37 mins (2017-07-09 15:21:23 GMT) -------------------------------------------------- http://www.creg.gov.co/index.php/component/glossary/Glossary... Comisión de Regulación de Energía y Gas (CREG) GLOSARIO http://www.creg.gov.co/index.php/en/component/glossary/Gloss... CONTRATO PAGUE LO CONTRATADO O "TAKE OR PAY" |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.