Renewable Energy Auctions
The General Law of Electricity stated that utilities must procure their electricity supply contracts through auctions. Consequently, several auctions have been conducted in recent years.
Generally, all technologies are allowed to participate in auctions. However, in certain cases minimum quota of certain renewable energy technologies were required. In PEG-2, for instance, a minimum quota of 360 MW of Renewable Energy Power Plants with the following minimum requirements:
- Hydropower 200 MW
- Biomass/Biomass mixed: 70 MW
- Other Renewables: 30 MW
Moreover, in 2014, there was a specific auction (GD-1) for distributed generators (renewable or otherwise).
Both short and long term auctions were carried out:
- Long term auctions offered 15-year PPAs for capacity or energy (e.g. PEG-1; PEG-2; PEG-3).
- Short term auctions often resulted in between 1 to 5 year contracts (e.g. CortoPlazo-1 and CortoPlazo-2).
Accord 68 of 2007 defined distributed renewable generators as those under 5 MW. It offered 10-year PPAs.
The following table summarises the Auctions in Guatemala:
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