Big year for renewables in Latin America – Argentina

By 1 No tags Permalink 0

Source: IADB (2015) Lights On? Energy Needs in Latin America and the Caribbean to 2040. Electricity generation from renewable sources is nothing new to Latin America. For the last 50 years, Latin America has generated 45-50% of its electricity from hydro sources (though this number is strongly influenced by Brazil). In the last decade, many countries in the region have taken important steps to incorporate other renewable sources of electricity, such as wind and solar, and diversify their energy matrices. While the presence of these technologies is still relatively small, their growth has been exponential (as the charts above show) ...

Peace for Colombia: cause to celebrate.

By 0 No tags Permalink 0

The signing of the peace accords between the Farc guerrilla forces and the government of Colombia is imminent, and it's significance cannot be overstated. It is the culmination of 4 years of negotiations and decades of violence, and will end the last and longest-lasting armed conflict in Latin America. The immediate cost of not signing the accords would be huge: according to data from the National Center for Historical Memory cited here, every year of conflict between 1958 and 2012 has resulted in over 4,000 Colombians dead and 87,000 displaced. The long-term effects, however, are harder to predict. Colombia's president, Juan Manuel ...

The Court hands Argentine government a corrective

By 0 No tags Permalink 0

  On August 18, the Supreme Court of Argentina ruled in favor of consumers by annulling price increases for natural gas dictated by the government in March. The unanimous decision by the Court simply says that the government is under a constitutional obligation to consult consumers before setting new prices. The implications of this ruling, like most things in Argentina, are less straightforward.   The ruling The ruling is based on article 42 of the Constitution that says that consumers are entitled to receive adequate information on and participate in decisions pertaining to public services, rights that are further legislated by law 24076 that stipulates that ...

New era for energy SOEs

By 0 No tags Permalink 0

Energy markets worldwide are undergoing constant regulatory revision driven by changes in technology: the growing presence of renewables and IT advances in network management. The old world of vertically integrated utilities with geographically fixed markets is rapidly vanishing. Deregulation in developing countries is also morphing into something new, and the old private-public dichotomy is being replaced by a marketplace where scaled-down state-owned enterprises (SOEs) compete side-by-side with private entrepreneurs. The presence of SOEs is important to the shape energy markets can take in developing countries and the long-term success of new investment and technologies. Insider's advantage The first thing that comes to ...

Venezuela’s oil under new management?

By 0 No tags Permalink 0

Five days ago, the government of Venezuela designated the members of the board of directors of CAMIMPEG. On June 2, the Ministry of Defense made the announcement via the Gazeta Oficial, where all official government actions are recorded daily. What is CAMIMPEG, you may ask? CAMIMPEG stands for C.A. Militar de Industrias Mineral, Petrolíferas y de Gas and is a new state-military company dedicated to any and all activities related to the extraction and production oil, gas and minerals in Venezuela. CAMIMPEG was created via the same official channel in February of this year. Like all news coming out of Venezuela it has generated speculation and interpretations of ...

Mexico’s the energy reform: new roles for oil producing states

By 0 No tags Permalink 0

Despite being a federal country, energy policy is highly centralized in Mexico, as is the collection and disbursement of oil revenues. Before the energy reform of 2013, Pemex was responsible for all hydrocarbon related investment and production decisions, while the federal treasury, which in Mexico is the Secretaría de Hacienda y Crédito Público (SHCP), managed the collection and distribution of revenues. While fiscal centralization continues under the new regulation, and federal entities like Pemex,  SHCP, and the energy regulatory agencies, SENER and CNH, continue to control energy policy, state and local governments will play increasingly important roles in the oil & gas business ...