[1] It was created by Executive Decree in 1992 to operate the Argentine Interconnection system, planning the power generation required and managing energy dispatch by generators, and for regulation of the spot and term wholesale electric energy markets.

[2][1] Despite being a private enterprise, as the retail electricity sector in Argentina faces heavy state regulation including low tariffs, the company has been dependent on public subsidies for years.

[3] In its 35th article, the Law mandates the creation of a National Cargoes Dispatch, to be created in the legal form of a sociedad anónima (a private enterprise).

[2] The law also created the Wholesale Energy Market of Argentina (Mercado Eléctrico Mayorista - MEM).

[10] Since the 2001-2000 crisis and devaluation of peso, the electricity sector in Argentina faces heavy price regulations which froze all inflation-indexation mechanisms.

[13][14][15] To follow on these goals, the RenovAr (renovate) programme was creating, granting tax benefits and financing stimulus.

[13] The government establishes a maximum US$/MW/h price for each renewable technology, as well as output ranges desired.