Amendment to Resolution No. 76 about measures for reduction of electric energy consumption
Resolution No. 034, of the Ministry of the Popular Power for Electric Energy, was published in Official Gazette No. 40,236 of August 26, 2013. Resolution No. 034 partially amends Resolution No. 76 of June 10, 2011, published in Official Gazette No. 39,694 of June 13, 2011, which establishes that the legal persons of the Private Sector that exceed the Contracted Assigned Demand (Demandas Contratadas Asignadas) must perform actions in order to maintain a reduction of at least ten percent (10%) of their monthly consumption. In this connection, article 1 was amended in the following terms:
“Article 1. The Legal Persons of the Private Sector that exceed a Contracted Assigned Demand of one Megavolt Ampere (1 MVA) must perform actions to maintain a reduction of at least ten percent (10%) of their monthly consumption with respect to the higher value between the consumption invoiced in the same month and the average monthly consumption invoiced, both referred to year 2009.
The Ministry of the Popular Power for Electric Energy shall monthly place a tag at a visible place, indicating compliance with the measures established.”
Originally, Resolution No. 76 established that the noncompliance of the electric energy consumption reduction measures would be penalized with a surcharge of ten percent (10%) on the invoice of the corresponding month, and an additional five percent (5%) for each new default. In this respect, Resolution No. 034 eliminated the penalties related to surcharges.
Resolution No. 034 became effective upon its publication in the Official Gazette of the Bolivarian Republic of Venezuela.
In order to access Resolution No. 034, please click here.
“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”