Peru unveils power auction rules with contracts of up to 15 years
Peru's Ministry of Energy and Mines presented the new Electricity Procurement Regulation for Regulated Users, under Law No. 32249. The proposal includes long-term auctions with contracts of 10 to 15 years, procurement by time blocks and separate purchase of energy and capacity. The sector warns that auctions must be accelerated given contract expirations between 2026 and 2030 and rising demand.
In 40 seconds
- The regulation allows long-term contracts of 10 to 15 years, with three to six-year lead times and a maximum coverage of 65% of each distributor's demand.
- Capacity, energy or both may be contracted separately, and auctions can be structured by time blocks so different technologies can compete.
- The MINEM addressed 562 comments from 35 companies and industry groups; generators and distributors are seeking adjustments on conditions, risks and timelines.
Read the full story at Energía Estratégica
IASummary generated by artificial intelligence from a story by Energía Estratégica. It may contain errors: the original source prevails.
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