Energy security measures announced in Colombia and Venezuela

Colombia has implemented Decree 1491 to mitigate energy risks associated with the El Niño phenomenon. The measure allows thermal power plants to source fuel from multiple suppliers rather than a single wholesaler, aiming to prevent shortages and ensure grid reliability if hydroelectric generation decreases.

In Venezuela, the electrical system faces a significant deficit. Experts estimate a gap of nearly 3,700 MW between available generation and maximum demand, citing outdated maintenance and lack of transparency in official data. While the country has a high theoretical installed capacity, actual operational output remains low.

To address the crisis, Venezuelan authorities, including acting president Delcy Rodríguez, announced plans to incorporate approximately 7,400 MW into the national grid in the medium term through agreements with General Electric and Impsa. Additionally, legislative reforms are being considered to allow private sector participation in electricity projects to stabilize the system.

Separately, the Dominican Republic has announced an energy agenda to develop over 2,500 MW in renewable energy, battery storage, and firm generation by 2028 to ensure long-term energy security.