Keith Woolford Posted June 29, 2016 Share Posted June 29, 2016 No Increase in Electricity Rates due to Low Fuel Costs freetranslation.com The clients of the electricity distribution companies will have no increase in the rate of energy during the second half of this year which starts on Friday 1 July, due to the fall in the price of oil. "All clients will keep the same rate and those who consume up to 300 kilowatt hours per month will continue with the subsidy", explained the administrator of the National Public Services Authority (ASEP), Roberto Meana. Oil prices from Texas exceeded the $48 per barrel yesterday, when investors took advantage of a fall of two days of crude oil after the vote in the UK in that the british opted to leave the Union. Last January the oil registered the lowest price of the past few years, the trading to 33.15 dollars a barrel. During the following months the raw material has had a fluctuation upwards until you reach the 50 dollars a barrel. The fall of oil benefit all clients, because they will not be increased in the electricity tariff, but also the State, because it should not give money to the subsidy that is maintained to the customers that consume up to 300 kilowatt hours per month (kwhm). In addition, means more savings in the economy staff of those that have a car, because it represents a decrease in the cost of fuel. Meana recalled that the base that has been maintained for the subsidy are those customers that consume up to 300 kilowatt hours per month, set amount since it was created the Tariff Stabilization Fund (FET) in 2004. The customers of the distribution companies receive a credit of variation of fuel by the fall in the price of oil. "By not having to pay subsidies to those that existed before, this fund is for the State to be able to make investments of a social nature", added Meana. Electricity rates for the first half of 2016 showed a low that benefited a million 21 thousand 237 customers of electrical energy that were recorded at the national level. In accordance with what was announced by ASEP, at that time, the 78.1 per cent of total residential customers who consume up to 350 kilowatt hours per month, i.e. 796 thousand 417 customers, maintained the contribution of the State through the FET. For the rest of the clients (residential, commercial and industrial) of the electric distribution company Metro West S.A. (Edemet) and Elektra Noreste, S.A. (ENSA), which recorded a higher consumption to 350 kwhm, the electricity tariff registered a drop of between 4% and 18%. Of the 1 million 21 thousand 237 customers across the country, 464 thousand 140 customers correspond to Edemet, i.e. a 45.4%; ENSA account with 421 thousand 491, which represents the 41.3%; while Edechi sum 135 thousand 607, for a 13.3%. A client that consumes up to 300 kwhm pay approximately between 1157 dollars per 100 kwhm up to 42 dollars per 300 kwhm in its billing. This customer is one that has a small refrigerator, washing machine, fans, small tv and iron. In the next rank is located the customers that consume between 301 and 700 kwhm and pay between 66 and $116, respectively. In addition to refrigerator, washing machine, fans, TV and iron, these customers have air conditioners, dryer, videogames and computers. The authorities insist on the need for customers to keep saving practices of energy to reduce the pressure on the electrical system. http://www.prensa.com/economia/Tarifa-electrica-mantiene_0_4516798414.html Quote Link to comment Share on other sites More sharing options...
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