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Venezuela: National Assembly Pushes Reform to Open Electricity to Private Sector

Private and mixed companies will be allowed to participate in electricity generation, transmission, distribution, and commercialization. (AFP)

Caracas, June 4, 2026 (venezuelanalysis.com) – The Venezuelan National Assembly preliminarily approved on Tuesday a reform to the country’s Organic Law of the National Electricity System and Service, proposing a structural overhaul of the National Electricity System (SEN).

One of the most significant changes is the incorporation of the private sector in electricity generation, transmission, distribution, and commercialization activities, breaking with two decades of state monopoly through the National Electric Corporation (Corpoelec).

According to the draft text seen by Venezuelanalysis, private corporations and joint ventures will be able to operate in the electric grid in what is termed a “diversification of actors in the service chain.” The mixed ventures, where the state can hold majority or minority stakes, will be approved directly by the government and not by the National Assembly.

“In recent decades, the electric system has showcased structural and financial limitations […] as a result of the productive reality and the negative impact of unilateral coercive measures,” the proposed law reads. “Faced with this reality, the Venezuelan state must assume an institutional and judicial reengineering.”

The bill establishes concessions with a maximum duration of 25 years, renewable for a further 15 years under specific conditions. Once a concession expires, all infrastructure, assets, substations, and data will automatically revert to the state in good condition and without compensation.

The proposed legislation announces the creation of a new tariff scheme “based on real costs and a reasonable return for investors.” Electricity, like most public services, has been heavily subsidized in recent decades in the Caribbean nation. The bill additionally introduces obligations for electricity distributors to compensate users for damages caused by blackouts or other failures.

The reform likewise establishes the possibility for the executive branch to grant tax exemptions to projects linked to renewable energy, rural electrification, or strategic investments in the electricity sector.

The 42-article legislation will now be subject to discussions and amendments before a second and decisive vote. 

If approved, it would repeal the Organic Law for the Reorganization of the Electricity Sector, enacted by former President Hugo Chávez on July 31, 2007, which merged the country’s seven existing electricity companies through the creation of the National Electric Corporation. The legislation also defined all stages of electricity generation and distribution as “strategic for the nation.”

During Tuesday’s parliamentary session, United Socialist Party (PSUV) lawmaker Orlando Miranda argued that the electricity reform represented a “mixed and private capital strategy under a rigorous regime of concessions and public supervision.” 

He noted that government plans to reinforce the grid with thermoelectric plants in the past 15 years were hampered by US economic sanctions. Miranda went on to add that increased tariffs are being studied to reflect the “real costs” of the system.

For his part, opposition legislator Ezio Angelini (Un Nuevo Tiempo) demanded that the reform address corruption, which he identified as a key factor behind Venezuela’s recurring power outages.

Angelini stated that in 2019 Venezuela generated around 20,000 megawatts (MW) while consuming approximately 12,000. Today, he claimed, the country produces close to 12,000 MW, roughly 40 percent of installed capacity, while demand has risen to 14,000. On May 11, Interior Minister Diosdado Cabello stated that electricity demand had surpassed 15,500 MW due to increased oil production.

Zulia state, considered the cradle of Venezuela’s oil industry, and other western regions have experienced daily blackouts lasting between eight and twelve hours in recent weeks. Supply instability also affects other services such as water pumping and cooking gas distribution.

Frequent power outages have also gripped oil fields in the Orinoco Belt, as crude extraction relies on electric motors that are vulnerable to tension fluctuations. According to Bloomberg, the Venezuelan government is urging international energy companies to generate their own electricity for oil and natural gas projects in an effort to shield the grid from the additional load.

Delegations from Siemens and General Electric visited the country in April and held talks with the Venezuelan government headed by Acting President Delcy Rodríguez. However, the two corporate giants are reportedly “hesitant” to take part in major projects due to doubts over Caracas’ financial capabilities.

Additionally, in mid-May, US Chargé d’Affaires in Venezuela John Barrett held a meeting with Electricity Minister Rolando Alcalá to discuss plans to “restore a reliable energy supply through US investment and collaboration.”

Electricity generation in Venezuela depends heavily on the 10 MW-capacity Guri hydroelectric complex in Bolívar state, making the system particularly vulnerable to climatic factors such as the high temperatures affecting the country. Venezuela suffered nationwide blackouts in 2019, with authorities blaming US-led cyberattacks.

The electricity reform follows legislative overhauls to the hydrocarbon and mining sectors that likewise curtailed the state’s role and responsibilities while granting private corporations expanded control over operations and sales, slashed royalties and taxes, and the ability to bring disputes to international arbitration bodies.

Edited by Ricardo Vaz in Caracas.



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Rylan Clark floored when asked about cheating on ex-husband during new ITV show The Assembly

Rylan Clark is the latest celebrity to be grilled on ITV’s The Assembly, where autistic and neurodivergent interviewers pose no-holds-barred questions

Rylan Clark was left stunned when probed about his ex-husband on ITV’s The Assembly. The Radio 2 star, 37, is the latest celebrity to be grilled on the experimental programme, where autistic and neurodivergent interviewers pose no-holds-barred questions to a host of famous faces.

Rylan knew he would be asked some difficult questions on the show, but when one interviewer brought up the topic of him cheating on his ex, Dan Neal, who he split with in 2021 after six years of marriage – he was floored.

Caught completely off-guard, Rylan was asked: “When you told your husband you cheated on him, he divorced you. Is honesty always the best policy?”

“Oh, wow”, Rylan replied, taking a deep breath. “Yeah, I think it is. I’m okay admitting I’m in the wrong, because actually I don’t deal well with guilt and I don’t deal well with secrets.”

After his split with Dan, the TV star took a lengthy sabbatical from all his television work and admitted he’d grappled with suicidal thoughts. Telling the interviewer he had been “really ill”, he shared: “It made me so ill, like so ill. It sounds a terrible thing to say, but I’m glad it happened.”

In another curveball, the former X Factor icon then admitted he didn’t “regret anything” as he shed more light on their break-up. Lifting the lid on life post-divorce, he said: “Do you know, I never think of him.

“So, this is like, my whole body just went [tense]. I miss feeling like I’ve got it all. I thought I had life done – I’ve got the job, I’ve got the family, I’ve got the marriage, I’ve got the car, I’ve got the house.

“I thought I had it sussed. I didn’t have anything sussed. I didn’t know what was a real relationship, and I can look back now and know that I don’t regret anything.

“I don’t regret anything, so I’ll leave that up to your imagination.”

Speaking to a make-up artist during a break from filming for the programme, Rylan, who went public with new partner Kennedy Bates in January, said he was pleased he took part in The Assembly, even though it was uncomfortable.

He said: “I’m so glad I did this. But yeah, [the] Dan questions, I was like [surprised] – I don’t even say his name. When my marriage ended, you know that term when someone says, ‘To pull the rug from under you?’

“That’s the only way I can describe it. It’s like someone went like that and I fell over, and I couldn’t get back up. [It was] like I broke both my arms and legs.”

Admitting he didn’t think he was going to “get out of it”, he concluded: “I went back to live with my mum because I didn’t want to be in my house, because there were too many memories of things in there.”

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Venezuelan National Assembly Picks New Attorney General, Ombudswoman

The new officials were backed by a large majority of the legislature. (Archive)

Mérida, April 14, 2026 (venezuelanalysis.com) – The Venezuelan National Assembly (AN) appointed Larry Devoe as the new Attorney General and Eglée González Lobato as the Ombudswoman during an ordinary session on Thursday, April 9.

The appointments were the result of a parliamentary selection process in the wake of the resignations of Tarek William Saab and Alfredo Ruiz, who previously held the positions, in February. The new officials will assume their roles immediately.

The National Assembly finalized the appointments following the review of a list of 71 candidates for Attorney General and 61 for Ombudsman. According to official reports, the selection focused on technical and academic backgrounds, while multiple deputies spoke of the need to select “consensus” candidates.

Devoe is a lawyer who has held various legal and diplomatic positions within the Venezuelan government, having served as the Executive Secretary of the National Human Rights Council. In recent years, he represented Venezuela before the United Nations (UN) and the Organization of American States (OAS) on human rights matters.

Devoe had taken over the Attorney General post on an interim basis following Saab’s resignation. Saab had served as the country’s top prosecutor since 2017. Following his appointment and swearing-in, Devoe used his official channels to vow that his office would be committed to “defending human rights” and “protecting our people.”

For her part, new Ombudswoman González is also an attorney and a university professor specializing in Administrative Law at the Central University of Venezuela (UCV).

She served as the Director of the UCV’s Democracy and Elections Chair and has worked as an institutional and electoral analyst. The parliamentary nominations committee highlighted González’s academic background and experience in human rights as primary factors for her selection to replace Ruiz.

Devoe and González were ratified on the posts with the approval of 275 of 285 National Assembly deputies, receiving the endorsement of the ruling Socialist Party (PSUV) and allies, as well as part of the opposition.

González, who has been identified as representing a sector of the moderate opposition, was proposed by David Uzcátegui from the Fuerza Vecinal party. Devoe’s candidacy was put forward by the PSUV.

Addressing the chamber, National Assembly President Jorge Rodríguez emphasized the importance of reaching political agreements and “respecting differences.”

The right-wing Libertad faction opposed the appointments, with legislator Henri Falcón stating that the appointees did not meet “autonomy and democratic plurality” criteria.

“In the past, the institutions have been used as politically partial spaces and ideological trenches,” stressed Falcón, a former presidential candidate.

The renewal of the Attorney General and Ombudsman’s Office coincides with the processing of thousands of amnesty requests currently under review by judicial authorities. According to the National Assembly, the Amnesty Law approved in February has benefited more than 8,000 beneficiaries in less than two months.

“The economy is the most important thing”

Parliamentary leader Jorge Rodríguez stressed the importance of “dialogue” among different political factions and working to “strengthen” state institutions in a recent interview with Spanish daily El País.

“We are rapidly pushing for changes so that people feel the country’s democratic institutions are functioning properly,” he stated.

When asked about the possibility of holding elections, Rodríguez argued that the country’s economy is “the most important thing right now.”

Since January, the Venezuelan legislature has fast-tracked a number of important new laws with support from the acting Delcy Rodríguez administration, including pro-business reforms to the country’s hydrocarbon and mining frameworks.

“The Venezuelan economy needs to gain enough momentum so that the population feels this entire process was worth it,” he added, in reference to the January 3 US bombings and kidnapping of President Nicolás Maduro which Rodríguez described as a “traumatic event.”

The Venezuelan official went on to argue that “there is much work to be done” ahead of an eventual electoral process, including the selection of an electoral authority that all political organizations can “trust.”

Edited by Ricardo Vaz in Caracas.

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