The reform of the Organic Law on the Electric System and Service will open opportunities for the private sector and guarantee electricity service to vulnerable areas.
Thus was clarified by the president of the Legislative Branch, Deputy Jorge Rodríguez (PSUV/National), during this Tuesday’s ordinary session, prior to the law’s enactment.
The parliamentarian addressed questions regarding the scope of the law, specifically Article 64. He clarified that these regulations do not promote the privatization of the national electricity system:
«The law does not, in any way, promote the privatization of the national electricity system; rather, it creates an opening for private sectors to participate in electricity generation and self-generation, allowing them to engage in commercial transactions involving that electricity,» he stated.
Likewise, he emphasized that the State will retain the responsibility of ensuring service to all sectors, especially the most vulnerable ones.
The deputy recalled that, until 2007, the provision of electricity service had been in private hands for 100 years—a situation that left the remote rural areas with less investment by those operators.
«It was in 2007 that nationalization took place, or rather it wasn’t just nationalized, but bought, the Electricidad de Caracas company was acquired from a company, a North American firm that was the owner at the time,» Rodríguez concluded