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00:00to review and update this regulation.
00:04All the countries have passed this new process
00:07and the regulation has been updated.
00:11The reality of the renewables is not the same.
00:1414 years ago, this regulation was approved,
00:17and today it is not.
00:19And obviously, for all the regulations,
00:21it is good to review the regulations.
00:24So, it is essential that it be reviewed,
00:28that this regulation be reviewed.
00:31What we do request,
00:33and we want to follow the decision of the superintendence,
00:37is to review a series of points
00:39that we understand are essential to be reviewed,
00:42such as the compensation scheme.
00:44Today we have a scheme of net measurement,
00:47and we would like to pass a scheme of net billing,
00:50which, as has been done in the vast majority of countries,
00:53we have the case of Spain, we have the case of Chile,
00:55we have the case of Germany, we have the case of France,
00:58we have the case of Puerto Rico,
01:00we have the case of the United States,
01:02we have the case of California,
01:04and we have passed a scheme of net billing.
01:06What is net billing?
01:08It is a much fairer scheme for everyone,
01:11what they have and what they do not have.
01:14In the case of net billing,
01:17net billing is an exchange
01:20or a valuation of the kilowatts that are transferred.
01:24Today, the scheme is as follows,
01:27it is of net measurement,
01:30and what is done is a bit like a trueque of the product.
01:33I, as a customer who has solar panels,
01:36I produce 5 kilowatts,
01:39the distributor sends me my 5 kilowatts and it is transferred.
01:42I gave you 5, you gave me 5, 5 minus 5 gives you 0.
01:45Therefore, I do not have to pay anything.
01:48So, in the case, what happens with the trueque?
01:52When there is a trueque, the input, the product
01:55that we are exchanging has the same price.
01:58However, the kilowatt that I produce
02:01in my house with solar panels
02:04can never be the same as the one
02:07that the distributor buys to sell it.
02:10It is cheaper.
02:12Of course, when the distributor buys it, it is cheaper,
02:15because he has to pay the employment,
02:18he has to pay the infrastructure,
02:21the reliability of the service and the maintenance
02:24of all the distribution networks.
02:27So, if the distributor buys an input,
02:30let's say 5 pesos, and sells it for 5 pesos,
02:33obviously he does not have the money to pay.
02:36You know it, it is very simple mathematics.
02:39I cannot buy an input and sell it at the same price.
02:42Of course, and here we are comparing them,
02:45they are renewable energy projects,
02:48specifically solar projects.
02:51We are saying that you can buy it,
02:54being the distributor,
02:57a kilowatt, right?
03:00You can buy it from a large-scale project
03:03that produces, for example, the screen,
03:06that buys it at 9.69 pesos,
03:09and...