In development of Law 1715 of 2014, "By means of which regulates the integration of non-conventional renewable energies to the National Energy System", the Ministry of Mines and Energy (the "Ministry") enacted for presidential approval the decree project "Whereby the Regulatory Decree of the Mining and Energy Administrative Sector, 1073 of 2015, is added, in relation to public policy guidelines for the long-term contracting of generation projects with non-conventional sources of renewable energy and other provisions are dictated."
To promote and encourage the development of the electricity generation activity through non-conventional sources of renewable energy (FNCER) such as solar, wind and biomass, the Ministry has decided to add a new section to the Regulatory Decree of the Administrative Sector of Mines and Energy, 1073 of 2015. What is expected to be the new Section 7 of Chapter VIII of Title III, related to the Promotion, Development and Use of Non-Conventional Energy Sources (FNCE), would provide the guidelines to define a mechanism for the long-term contracting of generation projects with FNCER. To this extent, the decree would not establish what is expected to be the mechanism that will allow the integration of the aforementioned sources of renewable generation, but would determine only the criteria to be followed by the Ministry itself or by the entity that the latter delegates, to define the final mechanism that meets the objectives described in the decree project.
Within the scope of these new regulatory policy guidelines, the following most relevant aspects are identified:
With the implementation of this decree, that is, with the definition of the mechanism that allows the integration of FNCER in the electric power generation park, the Ministry seeks to diversify the national energy matrix, foster the competitiveness of the country's economy in terms of power, and protect the environment through the efficient use of energy and the preservation of natural resources.