The Senate has adopted a new and revised framework for the Law related to electrical enery during its fifty-fourth plenary session, following intense discussions. The existing law which was enacted in 2009 was found lacking in provisions for wholesale and retail electricity markets, competition support mechanisms and consumer protections regarding price and service quality. This new version aims to address these deficiencies by creating a comprehensive and modern framework designed to meet today’s energy demands and market conditions.
The revised version of the law aims to safeguard consumer interests by ensuring fair prices, reliable electricity supply and high-quality services. It seeks to establish an efficient, transparent and competitive electricity market with minimal barriers to entry. The law outlines the structure and general rules for the electric power industry, promoting a competitive environment and attracting private investment.
Key principles introduced in the law include fair competition, equality and accountability, openness and transparency and the prioritization of electric power safety. A new article detailing the goals of the electric power industry has been added. The law also defines rules for the competitive wholesale and retail electricity markets.
Furthermore, the law establishes general regulations for traders in the electricity market, specifying their rights and obligations. Senators emphasized that the law's adoption will attract private investments, ensure efficient sector operation, define the rights and responsibilities of electric power companies and promote renewable energy production.
Comments (0)