Following President Gustavo Petro’s decision to regulate public services, the Committee of Experts of the Creg Make sure that regulatory bodies should always have an independent nature in order to ensure that their decisions are objective, impartial, consistent and technical.

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“This allows regulated agents, as well as the general public, to perceive objectivity, neutrality and transparency on the part of the State. It ensures that the State achieves that the agents adapt their conduct to the constitutional and legal fines of respect for economic and business freedom, while establishing the pertinent rules to limit their activity, in favor of the social interest,» he said through a statement.

Likewise, the regulatory body recalled that the national government already participates in the Commission, since it is presided over by the Ministry of Mines and Energy, The Ministry of Finance and Public Credit, the National Planning Department, and the Superintendency of Residential Public Services have their seat.

Functions of the Creg

The creg He said that Law 142 of 1994, in its article 69, created the Regulation Commissions as special administrative units, with administrative, technical and patrimonial independence, and attached to the respective ministry. For its part, Law 143 of 1994 complemented it and established the regime for the generation, interconnection, transmission, distribution and commercialization of electricity in the national territory; the specific fines for State intervention in this sector and the responsibilities of the various authorities in the sector.

«The Committee highlights that Laws 142 and 143 of 1994 are complementary, and Law 143 directly assigned the function of regulating electricity service to the Energy and Gas Regulation Commission,» it said in a statement.

Consequently, the Creg says that it must comply the functions assigned to it by Law 143 of 1994 and which include, in addition to defining the methodology for calculating energy rates and their approval, creating the conditions to ensure the availability of an efficient energy supply, capable of supplying demand under social, economic, environmental and safety criteria. financial viability, promote and preserve competition; establish, establish the operating regulations to carry out the planning and also coordinate the operation of the national interconnected system, among others.

«This is why regulatory bodies must have an independent nature to ensure that their decisions are objective, impartial, consistent and technical,» he says.