Newsletter on the energy market in Chile, Colombia and Peru - January 2024

Latin America - 29 / 01 / 2024

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We provide the main legal and market developments for the energy sector in Chile, Colombia and Peru. Dedicated Energy teams in these countries address topics of interest to sponsors, developers, financiers and other stakeholders in the sector, such as draft legislation, summaries of new regulations, relevant case law and market trends.

I. Regulatory bids

Peru:

Amendment to the Regulation for environmental protection in electrical activities is published
Bill introduced in Congress to extend exemptions for energy generated with renewable energy resources
Amendment to Procedure No. 20 of the COES regarding the Entry, Modification and Withdrawal of Electrical Installations in SEIN is approved

Chile:

New steps of the Tariff Stabilization Bill
Sectoral Authorization Framework Bill introduced to reduce project development timeframes
Bill that strengthens the environmental oversight powers of government agencies
A bill is presented to strengthen environmental institutions

Colombia:

It is published the proposal to modify the energy price formation on the exchange market

II. Approved norms

Peru:

The Regulation for the Installation and Operation of Electric Mobility Charging Infrastructure is approved

Colombia:

Issuance of regulations applicable to energy communities

III. Relevant news

Peru:

ProInversion presents a package of power projects to be awarded in the first half of 2024

Chile:

The National Energy Commission issues its opinion on the suspension of supply by the awarded generating companies

Colombia:

El Niño phenomenon drives up energy prices
The schedule for the Reliability Charge Auction is maintained
New call from the Mining and Energy Planning Unit (Unidad de Planeación Minero Energética)

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