How the El Niño phenomenon influences the increase in electricity rates – Personal Finance – Economy

How the El Niño phenomenon influences the increase in electricity rates – Personal Finance – Economy

The El Niño phenomenon is a climatic event that Characterized by the abnormal warming of surface waters in the equatorial zone of the Pacificcausing significant changes in weather patterns globally.

In Colombia, its effects are notable in the territories near this sea, in addition to the departments of the Andean and Caribbean regions, according to the Institute of Hydrology, Meteorology and Environmental Studies, Ideam.

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The duration of this meteorological event can vary, but generally occurs between nine and twelve months, where abnormal weather conditions occur, such as intense rains, prolonged droughts, temperature changes and alterations in wind patterns.

(You may be interested: How can I pay utility bills from my Nequi?).

These factors may vary depending on the geographical area, but mostly they respond to an effect on the increase in the temperature of the terrestrial globe.

@climaydesastresec 🇪🇨In 1982 the Earth saw the birth of one of the most intense El Niño phenomena on record. This 2023 we will see another similar one that could become the same or more intense than that of 41 years ago. The big difference, comparing maps from June 11 back then and today, is that today all the oceans are much warmer. That has a HUGE impact on the planet’s climate and the species that inhabit it, including humans. #phenomenonofthechild2023 ♬ Chase in the cornfield

How does it influence the costs of energy bills?

Part of the energy produced in the country comes from hydroelectric systeman installation that takes advantage of the force of moving water to transform it into electricity.

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So, an intense drought leads to the reduction of water bodies, impacting the capacity and levels of energy production of the power plants.

A big mishap if one considers that this method represents around 70% of the total energy production in the Colombian territoryaccording to digital electricity marketer ‘Neu’.

The prices of the invoices would increase until the end of 2023, when the effects of the phenomenon diminished, according to the Ministry of Energy.

In this sense, it is likely in the coming months the ‘light’ bills show an increase in their prices, since there will be less water to generate energy.

In addition to the fact that the country has to make greater use of thermoelectric plants, where energy is produced from gas or coalmaking the service more expensive.

This was established by the Vice Minister of Energy, Cristián Díaz, who assured that the strongest period of this drought will be from December 2023 to March of next year.

(Also read: Vanti: where to pay the gas bill after the due date?).

“If the stock price rises due to the conditions of the El Niño phenomenon some of this may be reflected in rate increases“, explained Cristian Díaz during a press conference.

NATHALIA GOMEZ PARRA
DIGITAL SCOPE WRITING
TIME

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By Mitchell G. Patton

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