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REGULATORY FRAMEWORK (Tables)
 12 Months Ended
Dec. 31, 2021
Schedule of generating units in operation

The Company’s revenues related to this segment come from: i) sales contracts with large users within the MAT (Resolutions No. 1,281/06 and No. 281/17); ii) supply agreements with CAMMESA (Resolutions No. 220/07, No. 21/16, No. 287/17 and Renovar Programs) and iii) sales to the Spot market pursuant to the provisions applicable within the WEM administered by CAMMESA (SRRYME Resolution No. 1/19 as from March 2019, SE Resolution No. 31/20 as from February 2020 and SE Resolution No. 441/21 as from February 2021). The Company’s generating units, held directly and through its subsidiaries and joint ventures, are detailed below:

In operation:          
           
Generator Generating unit Tecnology Power Applicable regime (1)  
CTG GUEMTG01 TG  100 MW Energy Plus Res. No. 1,281/06  
CTG GUEMTV11 TV ≤100 MW Resolution No. 440/21  
CTG GUEMTV12 TV ≤100 MW Resolution No. 440/21  
CTG GUEMTV13 TV >100 MW  Resolution No. 440/21  
Piquirenda PIQIDI 01-10 DI ≤42 MW Resolution No. 440/21 (2)  
CPB BBLATV29 TV >100 MW Resolution No. 440/21  
CPB BBLATV30 TV >100 MW Resolution No. 440/21  
CT Ing. White BBLMD01-06 MCI 100 MW Resolution No. 21/16  
CTLL LDLATG01/TG02/TG03/TV01 CC >150 MW Resolution No. 440/21 (2)  
CTLL LDLATG04 TG  105 MW Res. No 220/07 (75%)  
CTLL LDLATG05 TG  105 MW Resolution No. 21/16  
CTLL LDLMDI01 DI ≤42 MW Resolution No. 440/21  
CTGEBA GEBATG01/TG02/TV01 CC >150 MW Resolution No. 440/21  
CTGEBA GEBATG03 TG 169 MW Energy Plus Res. No. 1,281/06  
CTGEBA GEBATG03/TG04/TV02 CC 400 MW Resolution No. 287/17  
Ecoenergía CERITV01 TV 14 MW Energy Plus Res. No. 1,281/06  
CT Parque Pilar PILBD01-06 MCI 100 MW Resolution No. 21/16  
CTB EBARTG01 - TG02 TG 567 MW Resolution No. 220/07  
HIDISA AGUA DEL TORO HI HI – Media  120<P≤300 Resolution No. 440/21  
HIDISA EL TIGRE HI Renewable  ≤ 50 Resolution No. 440/21  
HIDISA LOS REYUNOS HB HB – Media  120<P≤300 Resolution No. 440/21  
HINISA NIHUIL I - II - III HI HI – Small  50<P≤120 Resolution No. 440/21  
HPPL PPLEHI HI HI – Media  120<P≤300 Resolution No. 440/21  
P.E. M. Cebreiro CORTEO Wind 100 MW Renovar  
PEPE II PAMEEO Wind 53 MW MAT Resolution No. 287/17  
PEPE III BAHIEO Wind 53 MW MAT Resolution No. 287/17  

 

(1) Subsequent power and energy is remunerated in the spot market according to Resolution No. 440/21.
(2) During the months of July and October, the contracts under Resolution No. 220/07 of CTP and TV01 of CTLL, respectively, have ended. Power and energy will be remunerated in the spot market according to Resolution No. 440/21.
Schedule of generating units in construction

 

In construction:

Schedule of generating units in construction 

        
         
Generator Tecnology Capacity Applicable regime  
 
CTB CC 280 MW Resolution No. 220/07  
PEPE III Wind 81 MW MAT Resolution No. 287/17  
Schedule of minimum remuneration to thermal generators

The minimum remuneration for generators with no availability commitments includes the following scales and prices:

Technology / Scale

SRRYME No. 1/19

(US$ / MW-month)

SE No. 31/20

($ / MW-month)

SE No. 440/21

($ / MW-month)

Large CC Capacity > 150 MW 3,050 100,650 129,839
Large ST Capacity > 100 MW 4,350 143,550 185,180
Small ST Capacity ≤100 MW 5,200 171,600 221,364
Large GT Capacity > 50 MW 3,550 117,150 151,124
Schedule of remuneration for thermal generators with guaranteed power capacity

The remuneration for guaranteed power capacity to generators with availability commitments is:

Period

SRRYME No. 1/19

(US$ / MW-month)

SE No. 31/20

($ / MW-month)

SE No. 440/21

($ / MW-month)

Summer - Winter 7,000 360,000 464,400
Fall - Spring 5,500 270,000 348,300
Schedule of additional remuneration to thermal generators

Since February 2020 an additional remuneration for the hours of maximum thermal requirement of the month (hmrt) was established, which corresponds to the 50 hours with the largest dispatch of thermal generation of each month divided into two blocks of 25 hours each, applying the following prices to the average generated power: 

 

Period SE No. 31/20 SE No. 440/21

First 25 hours

($ / MW-hmrt)

Second 25 hours

($ / MW-hmrt)

First 25 hours

($ / MW-hmrt)

Second 25 hours

($ / MW-hmrt)

Summer – Winter 45,000 22,500 58,050 29,025
Fall - Spring 7,500 - 9,675 -
Schedule of hydroelectric generators by technology and scales values

The base remunerations includes the following scales and prices:

Technology / Scale

SRRYME No. 1/19

(US$ / MW-month)

SE No. 31/20

($ / MW-month)

SE No. 440/21

($ / MW-month)

Medium HI Capacity > 120 ≤ 300 MW 3,000 132,000 170,280
Small HI Capacity > 50 ≤ 120 MW 4,500 181,500 234,135
Medium Pumped HI Capacity > 120 ≤ 300 MW 2,000 132,000 170,280
Renewable HI Capacity ≤ 50 MW 8,000 297,000 383,130

 

The payment for power capacity is determined by the actual capacity, hours of unavailability due to programmed and/or agreed maintenance are not computed for the calculation of the remuneration. However, to consider the incidence of programmed maintenance works in power plants, SME Note No. 46631495/19 provided for the application of a 1.05 factor over the power capacity payment.

In the case of hydroelectric power plants maintaining control structures on river courses and not having an associated power plant, a 1.20 factor is applied to the plant at the headwaters.

Lastly, an additional remuneration was established amounting 500 US$/MW-month for pumping power plants and 1,000 US$/MW-month for conventional plants, effective until January 2020. The allocation and collection of 50% of the additional remuneration were conditional upon the generator taking out insurance, to CAMMESA’s satisfaction, to cover for major incidents on critical equipment, and upon the progressive updating of the plant’s control systems under an investment plan to be submitted based on criteria defined by the SEE. Later, an additional remuneration was set for the hours of maximum thermal demand (hmrt), corresponding to the 50 hours with the largest dispatch of thermal generation in each month, divided into two blocks of 25 hours each:

 

Period SE No. 31/20 SE No. 440/21

First 25 hours

($ / MW-hmrt)

Second 25 hours

($ / MW-hmrt)

First 25 hours

($ / MW-hmrt)

Second 25 hours

($ / MW-hmrt)

Summer - Winter 39,000 19,500 50,310 25,155
Fall - Spring 6,500 - 8,385 -
Schedule of hydroelectric generators by technology and scales values

Period SE No. 31/20 SE No. 440/21

First 25 hours

($ / MW-hmrt)

Second 25 hours

($ / MW-hmrt)

First 25 hours

($ / MW-hmrt)

Second 25 hours

($ / MW-hmrt)

Summer - Winter 39,000 19,500 50,310 25,155
Fall - Spring 6,500 - 8,385 -
Generated and operated energy termal units remuneration

In the case of thermal power generators, a remuneration was set for generated energy, depending on the type of fuel used, and for operated energy, as shown below:

 

Remuneration

SRRYME No. 1/19

(US$ / MWh)

SE No. 31/20

($ / MWh)

SE No. 440/21

($ / MWh)

Generated energy Between 4 and 7 Between 240 and 420 Between 310 and 542
Operated energy 1.4 84 108
Generated and operated energy hydroelectic units remuneration

In the case of hydroelectric plants, the following prices were established for generated and operated energy, irrespective of scale: 

 

Remuneration

SRRYME No. 1/19

(US$ / MWh)

SE No. 31/20

($ / MWh)

SE No. 440/21

($ / MWh)

Generated energy 3.5 210 271
Operated energy 1.4 84 108
Unconventional sources remuneration

As regards energy generated from unconventional sources, a single remuneration value was set irrespective of the source used:

 

Remuneration

SRRYME No. 1/19

(US$ / MWh)

SE No. 31/20

($ / MWh)

SE No. 440/21

($ / MWh)

Generated energy 28 1,680 2,167