Water Pricing
Water use charges were established in Law 99 of 1993 and defined in Decree 155 of 2004. Water use charges have two components, minimum and regional. The minimum is established every year by the Ministry of Environment. The regional component consist of a number of elements such as water availability, socio-economic aspects, investment needed, opportunity cost and is established every year by the local CAR, who also collect the fee and have to be invested in the watershed according to the PIOM. Water use charges for the volume of water abstraction to all users who are granted water concessions.
Read more about this topic: Water Resources Management In Colombia
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