It defines and implements a mechanism for promoting long-term contracts for electricity generation projects in Colombia. The key goals of this mechanism include:
- Strengthening the resilience of the electricity generation matrix to climate variability and change.
- Promoting competition and improving price formation efficiency through long-term contracts for new and existing generation projects.
- Mitigating climate change effects by harnessing renewable energy resources.
- Fostering economic development and enhancing regional energy security.
- Reducing greenhouse gas emissions in the electricity generation sector, in line with Colombia's COP21 commitments.
This resolution supports the development of non-conventional renewable energy sources and efficient energy use, contributing to Colombia's sustainable energy goals.
