Argentina announces the creation of the Federal Energy Council

Argentina announces the creation of the Federal Energy Council

Editorial Staff
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This is to be an advisory body to the government, and its goal will be to plan the development of the energy sector, suggest amendments to existing laws and focus on boosting Argentina's alternative energy sources

Today, the government of Argentina announced the creation of a Federal Energy Council (FEC), which is to be headed by the Minister of Energy Juan José Aranguren and will act as an advisory and coordination body on energy development policies. The decision was ratified through the publication of Decree No. 854 in the Official Journal, and was taken in accordance with the Federal Energy Agreement signed by 24 provincial governments on April 20, 2017. In addition to the Chairmen and Vice-Chairmen of the standing committees on energy of both the Chamber of Deputies and the Senate, the Council members will include representatives of the provinces that signed the agreement. The goal of the FEC is to "consider the medium and long term planning and development of the energy sector, suggest amendments to existing energy-related laws, including regulations governing public services and utilities in the various provinces." The FEC will also act as an advisory body for the government and provinces requesting such advice, particularly with a view to stimulating the "development of specific programs geared towards boosting alternative energy sources and energy efficiency."