AGREEMENT No. A\/047\/2022 of the Energy Regulatory Commission<\/p>\n
The Energy Regulatory Commission has announced the issuance of new General Administrative Provisions, marking a milestone in the regulation of the hydrocarbons sector. The main purpose of this set of rules is to establish a clear and detailed framework for the authorization of cross participation in the sector, an initiative aligned with the second and third paragraphs of Article 83 of the Hydrocarbons Law.<\/p>\n
The recently issued provisions comprehensively cover the procedure and requirements necessary to obtain cross participation authorizations. In addition, they introduce a rigorous methodology for analyzing the potential effects that such participation may have on competition, market efficiency and ensuring open and effective access.<\/p>\n
A key aspect of these provisions is their interpretative function, providing administrative clarity on the definition and scope of cross-participation in the context of current legislation. This regulatory framework, included in its entirety in the Single Annex of the agreement, becomes an integral part of the agreement, ensuring a clear and accessible reference for industry players. With these measures, the Energy Regulatory Commission reinforces its commitment to promoting a competitive, efficient and transparent energy market, while facilitating regulatory compliance by companies in the sector.<\/p>\n