PERÚ - Observatory for Renewable Energy in Latin America and

Perú- Products I and II
different commercial energy sources1 1 reached 26.9 million tons, being the use of
liquid hydrocarbons the biggest emissions generator, accounting for 87 % of total
consumption. However, activities developed by transportation and industrial sectors,
are the ones that emit major quantities of CO 2 into the atmosphere, accounting for 82 %
of the total (MEM, 2009a).
To advance in the reduction of GHG emissions from the anthropogenic sources that
cause them and mitigate the climate change in Peru, during the last decade, there have
been stablished regulations devoted to promote the application of measures in the
different production sectors, including a complete change of the transportation
infrastructure, the improvement of solid waste management and the development of
renewable energy projects.
The Long Term Energy Policy approved by S.D 064-2010-EM establishes as a mission
having an energetic system that satisfies the national energy demand in a reliable,
regular, continuous and efficient way, promoting a sustainable development, based on
planning, investigation and technological innovation. One of the objectives of the
Energy Policy is counting on a diversified energy matrix with emphasis in renewable
sources and energy efficiency. To achieve this, on the Policy guidelines, there are
indicated projects and investments promotion based on conventional and
unconventional renewable energies and hydrocarbon, as they contribute to guarantee
the country’s energy safety.
In this framework, in order to attend the growth of the national electricity market, there
are being promoted and implemented private investments in renewable energies, for
which on the last years, it have been executed adjustments in the legal framework of the
power sector. In this regard, the most important events during the last 20 years, are
defined by: (i) The Electrical Concessions Law (Law Decree Nº 25844, enacted in
November, 1992); (ii) The Law To Promote the Efficient Electric Generation (Law Nº
28832, enacted in July, 2006); And, (IAII) The Law for Investment Promotion on
Electricity Generation with Renewable Energies (Legislative Decree Nº 1002, enacted
in May, 2008). Moreover, in order to ensure the coverage of the electricity demand in
the country, the Law for the Promotion of Natural Gas Use (Law Nº 27133, enacted in
June, 1999) and the development of the Camisea Gas project.
The ECL was an important advance for the sector. Among other aspects, it
disintegrated the vertical integrated public monopoly, by the disgregation of the
generation, transmission and distribution activities (that includes retail trade). On the
other hand, it laid the foundations for the private-sector participation, the rate regulation
in natural monopolies (transmission / distribution), and the promotion of competition in
power generation with variable production costs economic criteria. Here the generation
tariffs for the regulated market are fixed simulating the interaction between supply and
demand in competitive conditions.
However, the generation tariffs fixed by OSINERGMIN, at which generators had to
sell their production to the distributors for the regulated market, turned out to be
1 
There
are
not
considered
emissions
generated
for
non
commercial
sources
like
firewood,
dung,
yareta,
and
charcoal.
9