Petro’s energy policy jeopardizes generational expansion: Fitch

The report details an independent regulatory framework that has a process to determine prices based on technical considerations is the most important consideration when companies make decisions to invest in the sector.

“President Petro’s unprecedented action to curb rising electricity rates could worsen operating cash flows, hitting pure generation companies the hardest, according to a new report from Fitch Ratings,” describes the project’s analysis from a decree released for comment. by the National government.

“The decree is a clear sign that the level of intervention by the president Petro in regulated markets it will be high. This contrasts with historical norms, when the regulatory environment was considered independent of political influence,” said José Luis Rivas, senior director at Fitch.

Source: El heraldo