Better and Accessible Information Make for Better DecisionsBy Juan Fernando Flores Ruiz | Mon, 09/21/2020 - 13:07
It is essential to have information for decision-making in the energy sector. Therefore, we need quality information from various stakeholders.
In particular, we must not overlook the fact that when carrying out a project, whether electric or hydrocarbon, planning protocols are needed, ranging from market studies to understand the demand for the product or service to be provided in the area we wish to develop to technical studies. These must, in turn, be assessed by expert verification units in their field and endorsed by the regulators and authorities.
To this end, the Energy Regulatory Commission announced a few days ago that it would supervise the verification units to confirm that they are carrying out the activities for which they were created. These functions are expected to be conducted with professionalism and in accordance with the corresponding Mexican standards (NOM).
The involvement of the authorities in these actions greatly helps the energy projects to have quality information for decision-making in their activities because this part of the sector verifies that the studies and projects are professional and attached to the norm to give greater benefit to the population.
As part of the process, these companies' lists are published by regulated bodies, which they verify and inspect through third-party specialists and test laboratories that provide technical certainty based on the information provided by the authorities and the company. In addition, the way these processes and projects are being carried out by the authorities will translate into reliability and stability of investments.
Having information in time and form allows projects to have the certainty regarding what they are looking to do in the decision-making process; for example, the agreements published by regulatory bodies in the official journal of the federation, such as CNH, CRE and ASEA. These are the same agencies that a few days ago published their agreements for the resumption of the deadlines and legal terms of all procedures.
In addition, to guaranteeing access to information, there are laws and regulations that require the authorities to comply with transparency and professionalism in the presentation of information that is useful for energy sector projects.
Among some information you can find in the official pages are:
- Transparency regulations
- Access to information
- Transparency obligations
- Budget program indicators
- Publicly funded studies
- Plans, programs and reports
- Document management
Among other documents and studies made available by the authorities, are those from entities that constantly publish their agreements, NOMs and other important publications in the Official Gazette of the Federation, which are the responsibility of all those who are subject to be regulated in the sector. For example:
- Agreement by which the Ministry of Environment and Natural Resources and its decentralized administrative bodies lift the suspension of legal terms and deadlines.
- Agreement announcing the percentages and amounts of the fiscal stimulus, as well as the reduced quotas of the particular tax on production and services applicable to the indicated fuels, corresponding to the period specified.
- Agreement of the Energy Regulatory Commission issuing the Rules of Procedure of the Energy Regulatory Commission Consultative Council.
This valuable information for the regulated can be found in the different official pages published by the regulatory authorities. It is very important that the regulated are aware of each publication so that they can make better decisions for their projects.
The proposal is that this information be found in only one channel, which we have been talking about in our contributions. Projects would have greater certainty if all the necessary information could be found in only one channel, making the projects more viable.