Enel Americas S.A. · BCS:ENELAM
Enel Americas — Investor Day (June 2017)
10 slides from Enel Americas's investor day presentation, June 2017
Slide 1: Colombian Regulatory Framework
Colombian Regulatory Framework Analyst Update Meeting June 2017
Slide 2: General View
General View Effective Capacity – 2016 Hydro: 70% Thermal: 29% Others: 1%* Energy Production – 2016 2016**: 65,942 GWh (Δ -0.9%) 2015: 66,548 GWh Colombia Hydro: 71% Thermal: 28% Others: 1%* Net Effective Capacity: 16,676 MW Transmission 2016: 15.108 km Population Colombia: 48,23 Million Peak Demand
Slide 3: Structure of the Electric Sector
Structure of the Electric Sector • Electricity production. 1. GENERATION 2. TRANSMISSION • Electricity transportation the • Hydro, thermal and renewable Nation Interconnected System. centrals, among others. • Natural Monopoly. • Competitive market. • Intermediation between the • Electricity transpor
Slide 4: Enel Market Share
Enel Market Share Retail – kWh Sales Distribution - Clients META OTROS HUILA 4,00% 13,27% 2,33% TOLIMA GRUPO EPM 3,28% 30,84% EBSA 3,09% CELSIA (EPSA+TULUA) 1,03% EMCALI UNION FENOSA 4,72% CODENSA 16,28% 21,15% Source: XM 2016 Source: SUI 2016 Generation* Gecelca AES 4% Tasajero 3% 7% EPM 18% Tebsa
Slide 5: Institutional Context
Institutional Context Energy Policies Law 142 1994 Ministry of Mines and Energy Domiciliary Public National Planning Constitution Services Law It establishes the regime Energy and Mines Planning Unit – UPME and criteria for the provision of public Laws Regulation services in Colombia Energy and Gas
Slide 6: Wholesale Energy Market Structure
Wholesale Energy Market Structure Daily auctions in which generators offer prices and declare Spot the plants availability. The market dispatch as well as the Market system operation depends on the competition between those offers. Generators and retailers sell and buy energy through long term finan
Slide 7: Tariff structure
Tariff structure Residential tariff (May-17): US$154/MWh for a 200 KWh / month customer 34% Generation 6% Transmission (Tx) 31% Distribution (Own Dx) Distribution 37% 6% Regional Distribution 10% Retailing 6% Energy losses Purchase, transmission , and loss reduction costs 7% Restrictions System rest
Slide 8: Distribution Regulatory Framework
Distribution Regulatory Framework Main aspects of ongoing Tariff review (Res CREG 019/17) Current Regulation Represament Value VNR Operative Quality VNR Investment O&M Annuity Incentives ( MV and LV: Price Cap; HV HV: Revenue Cap) CREG Proposal Investment Depreciated Asset Quality RAB * WACC Depreci
Slide 9: Hot topics
Hot topics • Scarcity price • Demand response Reliability Distributed • Ancillary services & E- Charge revision • Price takers Generation storage scheme • Connection & operational standard • Day ahead market • Intraday market Spot Market (at least 4 auctions in a day) • Smart meters • Ancillary serv
Slide 10: Thank you
ene Thank you