Open Access#12005
Law No. 554 - Energy Stability Law
In: Latin American Energy Policies
This law declares an energy crisis in the country due to high oil prices. It adopts measures in the hydrocarbon, electricity and transportation sectors in order to alleviate this crisis and to ensure the power supply to the general public. It declares a priority that the government seek international funding to invest in developing power generation projects using renewable energy. Lastly, it creates the Investment Fund for Energy Development and the Energy Crisis Fund.