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Energy in Colombia Current Demand Behavior Analysis

Demand Behavior

Based on the provided reports, the final customers in the Colombian energy value chain are primarily categorized into Business-to-Consumer (B2C) and Business-to-Business (B2B) segments. These segments are primarily served by the Distribution and Commercialization stages for both electricity and hydrocarbons (natural gas and liquid fuels).

The B2C (Business-to-Consumer) segment mainly comprises Residential Users who consume electricity and natural gas for domestic purposes. These customers are typically served under the regulated market, with tariffs and service conditions set by the regulatory authority (CREG). Additionally, Individual Fuel Consumers, such as drivers purchasing gasoline, diesel, and LPG at service stations, fall into the B2C category, representing personal use transactions with commercialization companies like Terpel or Biomax.

The B2B (Business-to-Business) segment includes a wider range of consumers: * Small Commercial Users: Businesses like small shops and offices, often categorized within the regulated market for electricity and natural gas, similar to residential users. * Large Commercial Users: Larger businesses and institutions with higher energy consumption. These customers typically operate within the non-regulated market, allowing for direct negotiation of supply contracts, including Power Purchase Agreements (PPAs) or gas supply agreements. * Industrial Users: Factories and manufacturing plants with significant energy demands. These are predominantly in the non-regulated market, negotiating terms directly with energy suppliers for tailored solutions and reliability. * Retail Stations: While serving B2C customers, the stations themselves are B2B customers of wholesale fuel distributors. * Large Consumers of Refined Products/Natural Gas: Businesses requiring bulk deliveries of fuels or large volumes of natural gas via pipelines for their operations.

Detailed demographic characteristics are linked to these categories, with residential users distributed across socioeconomic strata and facing challenges like distribution losses in certain regions. Large commercial and industrial users are characterized by high consumption and the ability to negotiate contracts.

The provided reports categorize these customer types and describe their characteristics and interaction within the value chain, particularly regarding regulated versus non-regulated markets and commercial relationships. However, the reports do not contain specific numerical data on the total number of individual (B2C) or business (B2B) consumers in Colombia. Furthermore, the provided context does not offer information or data indicating whether the number of customers in these segments is growing or declining. Therefore, it is not possible to provide a quantitative analysis or a table showing the growth or decline in customer numbers based solely on the information available in the provided documents.

References

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  • Macrotrends. Ecopetrol S.A Revenue 2010-2024 | EC. https://www.macrotrends.net/stocks/charts/EC/ecopetrol-s.a/revenue
  • LaNota.com. Ranking 2024 sector energía eléctrica de Colombia. (2024-12-05). https://lanota.com/ranking/Ranking-sector-energia-electrica-Colombia.php
  • LaNota.com. Ranking 2022 sector energía eléctrica de Colombia. (2023-10-18). https://lanota.com/ranking/Ranking-sector-energia-electrica-Colombia-2022.php
  • Stock Analysis. Organización Terpel (BVC:TERPEL) Revenue. https://stockanalysis.com/bvc/terpel/revenue/
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  • Stock Analysis. Organización Terpel S.A. (BVC:TERPEL) Stock Price & Overview. https://stockanalysis.com/bvc/terpel/
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