Lima power plant energy storage project 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.

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).

Should Peru raise its energy goal with RER?

In successive statements by the Ministers of Energy and Mines, it was constantly said that Peru should raise its goal of electricity generation with RER, from 5 to 15% by 2030. Let us remember that the goal of 5% was established in DL 1002 of 2008, where it was also said that new goals would be established for future years. But this did not happen.

How much does the RER subsidy cost a natural gas plant?

The RER subsidy represented approximately 5.6% of the value of the final fee as of May 2019 (OSINERGMIN, 2019). In addition, the legal modifications of DS-043-2017-EM (already analyzed) artificially lowered the costs of natural gas plants.