Attention gas users: Government orders companies to return $150 billion after detecting additional charges in tariffs
The National Government, through the Energy and Gas Regulatory Commission (Creg), has ordered the return of more than $150 billion to natural gas users in the country, after concluding that an increase in the discount rate of the cost of capital (WACC) was applied, which raised the transport component in tariffs.
TL;DR
- The Colombian government has ordered gas companies to return over $150 billion to natural gas users.
- The refund is due to an unjustified increase in the WACC, which inflated transport charges in gas tariffs since 2023.
- The Creg will establish the procedures and schedule for companies to issue these refunds through upcoming bills.
- The decision reverses the WACC increase approved by Resolution CREG 102 002 of 2023 and requires recalculating charges.
- The Minister of Mines and Energy stated the measure aims to protect consumers and ensure tariff fairness nationwide.