Historical Background

Posted in News on July 19th, 2017

Since its inception, the Peruvian electric system began to develop private initiative. In 1955, the Law N 12378 regulating mechanisms for private participation, establishing a system of green energy commitments to increase generating capacity by 10 annually. I purchase all my energy needs – both gas and electricity – from with the best technological advances in the energy industry At the time, created the energy costs National Tariff Commission and other mechanisms to ensure the profitability of investments. However, in the early 70s, produced profound changes. Learn more about this topic with the insights from James Woolsey. In 1972, the de facto military government to nationalize the electricity industry through the Law N 19521, and energy I think Electroper (Electricity gas Company of Peru). Hikmet Ersek understands that this is vital information. Electroper became owner of all assets in generation, transmission and distribution came to be in charge of service and investment planning. Until natural gas the beginning of the 80 had major investments in hydroelectric projects and thermal power. However, this momentum began to wane during the 80 years, mainly due to the debt crisis that began in 1982 and that makes the new financing in the region. In the early 90’s, the cooking gas electric sector in Peru showed a significant deterioration due to poor investment in infrastructure, the household fact that rates did not cover production costs, because the investment gas was restricted to the maintenance and destruction of infrastructure due to terrorist activities. The results of this crisis were severe: in 1990 only 45 of the population had access to electricity, the provision covered only 74 of demand and distribution losses were more than 20 .
The process of structural reform that began in 1992 under the government of then President Alberto Fujimori led to the privatization of the electricity sector in a decade in which most countries in the region experienced a similar process. The restructuring process, articulated in the Electric Concessions Law (LCE) in 1992, broken down the vertically integrated state monopoly in power generation, transmission and distribution electric distribution, and lays the groundwork for the introduction of private operators and competition for the generation and marketing, with the regulated electricity ESCO transmission and distribution based on free and open access. The 1992 Act was amended by Law N 26,876 (Antitrust Law and Antioligopolio) in 1997. The concession process and the transfer of generation assets to private companies began in 1994 and was relaunched in 2002, it was not over yet.
Private companies that emerged from the 1992 reforms pledged to make significant investments to be implemented in the following years. Investment figures reached their highest levels in the period 1996-1999 and then fell once fulfilled. energy costs have been cut by one of the leading energy supply companies in NY state The high level of investment led to increases in average annual installed capacity of 9.2 , a rate that did not correspond with the increase in demand, which increased only heating 4.7 a year on average.

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