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The Executive Branch has enacted Law No. 32249, which modifies the current law and eliminates barriers to new technologies. The Peruvian Association of Renewable Energies welcomes the reform. A 120-day period is now open for its regulation. Under the title “ Law to ensure the efficient development of electricity generation, in order to guarantee the safe, reliable and efficient supply of electricity and promote the diversification of the energy matrix ”, the Executive Branch of Peru has enacted Law No. 32249, which modifies Law No. 28832. These changes aim to diversify and decentralize energy generation by eliminating barriers to new technologies, preferably solar and wind, and allowing for better rates for users. The new regulations, which seek to attract investment and new players to the countrys energy market, establish that electricity supply tenders may include the purchase of energy blocks or of power and energy, separately or jointly. The tenders will be divided into three types: long-term, initiated three years in advance and with contracts of up to fifteen years; medium term, started two years in advance and contracts of up to five years; short term, started one year in advance and contracts of up to three years. It is stipulated that price reductions during contracts must be passed on to consumers by 50%. Other changes include restricting generators from contracting more firm power than they have. Definitions and regulations are also added for complementary service providers, such as the provision of energy storage through BESS batteries, which must be authorized by the Ministry of Energy and Mines (MINEM). In addition, the MINEM must develop a regulatory framework to promote these services in the electricity sector. The Peruvian Association of Renewable Energies welcomes the reform, highlighting its importance for sustainability, universal access to energy, diversification of the energy matrix and modernization of infrastructure. |
