Fitch sees risks from Petro’s intervention in energy regulation – Sectors – Economy
Fitch Ratings also joined the discussion on the relevance of President Gustavo Petro temporarily assuming the regulation of public services, especially electricity, in order to find solutions to the high fees who are registering.Regulatory proposals designed to curb inflation in energy markets could weaken the profitability of utility companiesby avoiding price increases to offset rising production costs,” he warns.(Also read: Energy: with the threat of intervention by Petro 'companies would prefer to leave') In addition, the rating agency ensures that energy prices could be higher if investments to increase generation capacity do not rise along with the growing demand in…
