AmCham Colombia, Cámara de Comercio Colombo Americana

Electricity market in Colombia: The Legal System

This article main purpose is to present briefly the principal aspects of the legal system in Colombia for all those who want to invest in matters related with electric energy for first time.

Colombia is a country located in South America and has borders whit Venezuela, Brazil, Peru, Ecuador and Panama. Its special location implies that the country has diversity of sources of electric energy production as the water, oil, gas, sun, and wind among others. Historically, electricity supplies mainly depend on hydroelectric production, making the country vulnerable during the  strong dry seasons. Therefore, it is necessary the implementation of new plants or solutions based on different technologies such as the thermic, solar or wind with the aim of ensuring a constant supply and lowering prices of energy.       

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