Contingency Plan for the Electricity Sector 

The Secretary of Energy, through Resolution 294/2024, approved the Contingency and Forecast Plan for critical months of the 2024-2026  period, to avoid, reduce, and mitigate situations that could affect the electric power supply.

The Contingency Plan includes different actions the Secretary of Energy must implement in the generation, transmission, and distribution of electricity sectors. Among others, it includes an additional remuneration scheme based on available capacity (fixed remuneration) and associated power (variable remuneration). This seeks to promote the availability of thermal generation plants in critical months and hours. This scheme will be in force from December 2024 to March 2026, and may be extended for another 12 months. The plan will be subject to the presentation of a program detailing the maintenance tasks to be carried out in each generating unit.

Regarding the demand sector, the Contingency Plan creates a voluntary demand management mechanism for Large Major Users (GUMAs). Within the framework of this mechanism, GUMAs with declared maximum requirements greater than 10 MW may submit to CAMMESA a load reduction offer, indicating the price offered in USD/MWh and hours available each day, with a limit of eight hours per day. The maximum price of the energy associated to the load reduction will be USD 350 per MWh.