Creg, Dane and Banrep are defining an indicator for the electrical system

This Tuesday, the Energy and Gas Regulatory Commission (Creg) reported that together with Dane and Banco de República they are in talks regarding the definition of a possible new indicator for energy prices.

(Read: What would be the effects of the delay in the delivery of Hidroituango?).

It should be remembered that in the midst of energy price increases that have been seen during this year, one of the topics discussed was the indicators used to define the hikes. Currently the PPI and the CPI are used, which due to factors such as the rise in the dollar or the Ukraine-Russia conflict, had strong increases.

In the short term, it was determined that some components of the bill could use the lower of IPP and IPC to moderate price increases for this electricity service.

(Also: Companies that will reduce the price of electricity bills).

However, the possibility of establish a specific indicator for the electrical system, as the Minister of Mines and Energy, Irene Vélez, said at the time.

The director of the Creg, Jorge Valencia, confirmed that it is a discussion that is taking place, but that it is a measure to be established in conjunction with the Danewhich is the one who would define the value of this indicator (as is done with the inflation indicator) and the Banco de la República, given the relationship that this has with inflation.

He stressed that they are long-term decisions and whose discussions take place over a period of several years, so it will not have any impact in the short term.

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