|Year:||1994 (Nov 26th)|
|Date Effective:||1994 (Nov 26th)|
1998 (Oct 22nd)
|Date Ended:||2014 (May 20th)|
|Policy Type:||Regulatory Instruments, Policy Support, Policy Support>Institutional creation|
|Renewable Energy Policy Targets:||Multiple RE Sources, Power|
|Policy Sector:||Electricity, Framework Policy, Multi-sectoral Policy|
|Agency:||National Congress (Congreso Nacional)|
|Legal References:||Decree 158 - 1994|
|Renewable Energy Description:|
The law is regulated by Accord 934 of 1997 and it stipulates the norms for the electricity subsector. It covers several aspects including generation, transmission, distribution, the national interconnected system, relations between the user and distributors and the protection and conservation of the environment.
The law establishes that the National Electric Energy Company (Empresa Nacional de Energía Eléctrica, ENEE) must give priority to the development of renewable energy projects when the present value of their generation does not exceed more than a ten percent of the present value of the optimal generation technology.
Decree No. 89-98 - Amendment of Article 62 of the Electric Sub-Sector Law outlines the creation of the Social Fund for Electricity Development.
|This record is superseded by:||Law of Electrical Industry (Ley General de la Industria Electrica)|
Last modified: Fri, 24 Feb 2017 16:26:58 CET