The so-called vertical integration between ISA and Ecopetrol With this decree he tried to consolidate himself. The Constitutional Court said ‘no’ and annulled the legislative decree which, according to the magistrates, entailed the following: a permanent change to the business integration regime, approved for the electric power sector, and especially thanks to the strong participation of ISA and Ecopetrol.
“It is clear to the House that this provision exceeds the scope of the state of emergency declared by the House Decree 1085 of 2023” the court said in a statement.
He also said that a rule like this “affects the formation of energy supply and demand and therefore its price, and can also pose a risk to free competition.”
The Court’s ruling has retroactive effect. That is the decisions and steps that could have been taken to carry out the vertical integration between ISA and Ecopetrol, They will have to sit back.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
