Country:Peru
Year:1992 (Nov 19th)
Policy status:In Force
Jurisdiction:National
Date Effective:1992 (Nov 19th)
Date Amended:

2006 (Jul 7th): Law 28832;

Policy Type:Regulatory Instruments, Economic Instruments>Fiscal/financial incentives>Tax relief
Renewable Energy Policy Targets:Hydropower, Multiple RE Sources, Multiple RE Sources, Power
Policy Sector:Electricity
URL:http://www2.osinerg.gob.pe/MarcoLegal/docrev/D-LEY%2025844-CONCORDADO.pdf
Legal References:Decree-Law 25844
Renewable Energy Description:

The Electric Concession Law (Decree-Law 25844 of 1993) provides the legal framework for the electric sector in Peru. The law states that a definitive concession is required for the development of electric generation energy that uses hydraulic and other renewable resources (for installed power over 500 KW).

The law establishes that premium-fee must be determined considering a 12% discount rate. This fee can only be modified by the Ministry of Energy and Mines, after a study commissioned by the Electricity Tariff Commission to specialized consultants, which determines that the rate set is different from the Risk Free Rate plus the risk premium in the country. In any case, the new rate fixed by the Ministry of Energy and Mines, could not differ by more than two percentage points of the current rate.

Amended:

Law 28832 - Law to ensure the efficient development of electricity generation (Ley para asegurar el desarrollo eficiente de la generacion electrica) ammends the Electric Concession Law.

Related policies:Law to ensure the efficient development of electricity generation (Ley para asegurar el desarrollo eficiente de la generacion electrica)

Last modified: Wed, 29 Mar 2017 08:44:29 CEST