Peru monrovia energy storage supervision bidding

Does Peru have a power reserve margin?

This means that Peru has a particularly important power reserve margin. The installed capacity of 15,223 MW (Fig. 2) is composed of efficient and inefficient generation. Efficient generation, as defined by the COES, comes from hydroelectric plants, natural gas plants and RER. Inefficient generation comes mainly from diesel thermal power plants.

Is the RER A reliable source of power in Peru?

Peruvian regulations establish that, as it is an intermittent resource, in many cases these generators have a null degree of control over their generation capacity, so they should not receive a payment for power and therefore it is stated that the RER they are unreliable 10.

What percentage of Peru's Electricity is generated from hydroelectric plants?

In comparison with other countries of Latin America and the Caribbean, the Organización Latinoamericana de la Energía (OLADE, 2020) states that electricity generation in Peru from hydroelectric plants (55.2%) and RER (5.2%) plants account for 60.4% of total generation (Fig. 3).

Which companies are investing in RER plants?

Important private electricity generation companies have new investments in RER Plants. ENGIE (France) stands out with the Punta Lomitas Wind Power Plant (260 MW), Ica Region, which will supply the Quellaveco mine (Anglo American). This plant is not covered by DL 1002 and has a cost of less than US $ 40/MW hour (Deloitte, 2021).

What is gCO2 kWh in Peru?

Deloitte also says that the gCO2/kWh indicator for Peru was 37, well below the 277 average for Latin America and the 289 average of European Union countries. In Spanish, this subsidy is called Prima RER. For example, if in the auction the RER generator offers a price of US $ 50/MW hour, that spot market price is maintained throughout the contract.