The chief economist of the World Bank for Latin America and the Caribbean, Guillermo Perry, warns that the electricity framework recently passed by Congress creates a power oligopoly that will harm consumers. The bill, as modified by the Chamber of Deputies, allows distributors to become major power production players, contrary to the spirit of competition that should have prevailed. In an interview with Hoy newspaper, Perry said, “Even if the bill is a major step ahead, in this field it has a major defect. As the bill is now, it would allow the operation of oligopolies, and that would not be convenient.”His opinion is that “the law will have to be modified later.” “The law needs to be more precise in this matter,” he said.
