Saturday , July 24 2021

Secheep explains accounts, the cost of energy purchased and the reasons credit



Therefore, had accumulated a delay of & # 39; four & # 39; months, b & # 39; such that, if the trading system was processed by & # 39; normal mode, the company had billed by consumption & # 39; July and August 2018 included, and today reached process by the end of the period. March-April 2018.

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For this reason, to normalize the yield, without affecting individual economy & # 39; each user, it was considered appropriate to pro rata old-delayed months factors within twelve months, without requiring some sort of & # 39; interest. Each period was divided into three installments, each of which was incorporated in the period from September 2018 forward (third & # 39; these months until completed) without adding any type & # 39; surcharge, ie historical values.

He stressed that Secheep acquire power which the generation cost, that of the wholesale market and transport himself to his arrival in the province and then distributed to users. Therefore, YOU determine the price of energy it receives.

Financial Vision & # 39; outstanding receivables

From a financial standpoint, is in & # 39; position to assert that energy already delivered and consumed by users in the period from May to August 2018, the power company has receivables & # 39; $ 1493.8 million ; that it be added that refers to the month & # 39; & # 39 and September; October & # 39; $ 1002.90. B & # 39; this way, we emphasize that the accounts receivable for electricity delivered and used by users amounted to $ 2496.80 million in & # 39; & # 39 period, total payment & # 39; 12 months.

Costs and credits attributed by CAMMESA

Since there was a delay in the process of & # 39; aforementioned collection, the company had the opportunity to meet the payments due to the wholesale company, and this situation led to financial imbalances due to the the difference between the due date of the invoice CAMMESA, and data & # 39; expiration of seizures factors in & # 39; that period.

This situation, going back to January 2018, motivated the Wholesale Company to apply large penalties, among other concepts meant reducing the rate bonus and Social Stimulus Plan and seizures interest & # 39; Mora, $ 626.4 million to 30 & # 39; September 2018 (30.09.18).

wholesale increases applied by Nation

Of & # 39; recalled that the National Executive Power in February 2016 by applying a sharp decrease & # 39; subsidies for generation & # 39; electrical energy, which led to a steady increase in the cost of wholesale power to be paid by the country distributors, among which is SECHEEP.

Therefore, f & # 39; December 2015 the total cost of sales for the Chaco was & # 39; $ 77.2 / MWh, and in August reached a value of & # 39; $ 1660.4 / MWh, giving rise & # 39; 2,050%, values ​​which are transferred to the user's invoice, and where Secheep m & # 39; has participated in the formation of the cost of generation and -transport.

Normalization & # 39; Payment

Among the reasons that require different payment and cancellation & # 39; debts with the Electricity Wholesaler, fundamentally those that avoid heavy penalties are received.

F & # 39; this sense, it is essential to obtain the contribution of & # 39; credit and normalization of the company's financial equilibrium, which has a future, b & # 39; sufficient resources to meet these commitments , once its debts have been fully recovered.

By way of information, it is stated briefly that the concepts involved in & # 39; this process & # 39; required credit including the outstanding balance of the period 02 to 18.9; interest rate applied by Cammesa, outstanding payments plan & # 39; fee for 2016 and advances due from October to December 2018, to facilitate time collection and financial normalization. All these concepts, which include recovery & # 39; social rate, totaling approximately 4,128,30 million US dollars.

Increases wholesale impact on local accounts

Since February 2016, has been applied by the process of Nation & # 39; removal & # 39; subsidies for electricity generation, and this has an impact on the country's distributors, and consequently the final consumers.

He stressed that in & # 39; December 2015 the total cost for wholesale Chaco was & # 39; $ 77.2 / MWh, and August reached a value of & # 39; 1660.4 $ / MWh, giving rise & # 39; 2.050%.

This large increase directly affects the Company of Argentina distribution and consequently all users who have seen this significant price increase accounting for consumption.


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