Law to ensure the efficient development of electricity generation (Ley para asegurar el desarrollo eficiente de la generacion electrica)

Law No. 28832 of 2006 constitutes the basic legal framework for Peru’s energy sector. In response to rapid demand growth, the Law aims to “ensure the efficient development of electricity generation” and to this end it mandated the use of auctions by distribution companies for the procurement of supplies to regulated consumers.

Based on this law, Decree 1002 establishes a mechanism were long-term guaranteed tariffs for electricity from renewable energy sources are auctioned biannually.

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