Energy stability law amended to eliminate distortions.
At P1R10, ongoing.  Technical assistance provided by WB/IDB, and the authorities to prepare refrom to send to Assembly. In September the authorities submitted draft amendments to the Energy Stability Law, to the National Assembly, which rejected the proposed reforms. At P1R11, the Board granted a waiver on the basis of corrective actions taken in the form of higher-than-programed increases in electricity tariffs, and the completion of an investigation into retail margins in the petroleum products market; the findings of which prevented the energy regulator from using his legal authority to intervene in the setting of gasoline prices.  