Culiacán, Sinaloa.- The president of the Economic Development Commission, Luis de la Rocha denied the deputy’s version Feliciano Castro Melendrez about what the non-approval of the electricity reform decree going to cause a increase in electricity rates, and with this, he emphasized on the platform, that his rejection clears the fear of a possible economic recession in the country, as a consequence of the elimination of private capital and the millionaire compensation that the State would have had to pay for non-compliance with the agreements.
During the discussion of the topic in ordinary session, he emphasized that only if the Ministry of Finance and Public Credit removes or reduces the subsidy to electricity rates, it would be the only way that it would increase and that it could affect the population as the government intends to do. Andrés Manuel López Obrador, and it has nothing to do with the electrical reform.
“Gross Domestic Product, which is currently on a slight rise, would have fallen immediately, we would have entered a recession, because investment in one of the most important economic sectors that contributes to strengthening it decreases,” said.
“They were not going to lower electricity prices immediately, it is impossible: the market is not generated by decree, competition is not generated by decree, so it is a lie that electricity is going to increase because the coalition voted against the electrical reform, said.
De la Rocha Zazueta considered that the presidential reform initiative practically represented the expropriation of the energy sector, since it proposed almost completely eliminating the participation of private initiative, ignoring the agreements already signed, which would have generated multimillion-dollar lawsuits for non-compliance.
He stressed that “changing the rules of the game” each time represents an obstacle to promoting greater investments, since what the Private Initiative seeks is the legal certainty necessary to guarantee that its economic capital is not at risk.
“A country that causes uncertainty, that changes the rules of the game from time to time, and that does not respond to generating clean energy, has no legal certainty, there is no way to grow”said.
The local legislator pointed out that the President has lacked greater negotiation capacity to approve reforms such as electricity, and has tried to impose his will, even at the cost of the risk it represents for the generation of well-being in the country.
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“The President is not open to negotiation, he wants to break the commitments with private investors, and that break would have generated a very high cost for the country”concluded by exposing the technical part of electricity rates.
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