Overview
- Energy and capacity prices in the wholesale market will move to marginal-cost signals, replacing long‑standing administered pricing and broad subsidies.
- Free bilateral contracting is enabled through a new Term Market for Energy and Capacity, allowing generators, distributors, and large users to agree supply terms.
- CAMMESA will stop centralizing fuel purchases and contract management, retaining dispatch, settlement, and last‑resort supply functions.
- Generation is reclassified into Assigned, Spot, and New categories, with dollar‑linked Reliability Reserve payments set at US$1,000/MW‑month for existing capacity and US$9,000/MW‑month for new capacity.
- The framework sets the BCRA A3500 wholesale dollar as the exchange‑rate reference and lifts restrictions so distributors can sign renewable supply contracts, with transitional backup mechanisms in place.