Ministry of Energy announces that electricity subsidy will be extended until 2027 – 2024-07-10 20:43:35

by times news cr

2024-07-10 20:43:35

Pardow pointed out that the biggest increase in values ​​will be seen in June 2025, when “the equilibrium point is reached and the stabilization process begins to decline.”

Diego Pardow, Minister of Energy, referred to the announced increase in the electricity billstating that in this scenario, the Government-sponsored electricity subsidy to be extended until 2027.

In an interview with Radio Biobío, the Secretary of State stated that the increase in electricity bills began on July 1, so this month’s bills “should reflect the first step in the stabilization process, which is a process that will last several semesters and will last this stage until 2027.”

Pardow pointed out that the biggest increase in values ​​will be seen in June 2025, when “the equilibrium point is reached and the stabilization process begins to decline.”

Regarding the electricity subsidy that the Government will provide, Diego Pardow explained that “we have open applications for a subsidy that was part of the legislative discussion in the stabilization law, resources were made available for one and a half million households in the most vulnerable 40%.”

The Minister of Energy elaborated that The benefit will be sought to cover 4.7 million households, which translates into 10 million people, “that is, it would cover half the population.”

Along these lines, he explained that the subsidy “is a discount that people see in their bills and, therefore, that discount, instead of being paid by the people, is paid through a fund. In fact, to the distribution company that collects it for the generating companies, because it is a discount on the generation component.”

Asked if the electricity subsidy will be maintained until electricity bills are stabilized, Minister Pardow replied that “we will support, we will generate this subsidy until 2027.”with the idea that it will be the next government that makes the decision on whether to continue with this and, therefore, requires permanent financing, because what we made possible was not temporary financing and the reason for that, as you rightly said, is political.”

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