Wednesday, Feb 08, 2023

$28.8 million allocated to extend electricity subsidy for COVID-19

$28.8 million allocated to extend electricity subsidy for COVID-19

This extension benefits thousands of customers who consume up to 750 kWh. ASEP urge citizens to save energy.
This Monday, October 4, the National Public Services Authority ( ASEP ) confirmed the extension of the electricity subsidy for COVID-19, which benefits thousands of customers nationwide.

Since March 2020, when the state of emergency was decreed due to the COVID-19 pandemic, the ASEP was authorized to implement an extraordinary subsidy that includes customers who consume up to 750 kWh (kilowatt-hours) per month.

This measure, which was extended until December 2021, is different from the subsidy of the Tariff Stabilization Fund (FET), which benefits only customers who consume 0 to 300 kWh every six months.

For this quarter, this extraordinary subsidy represents $28.8 million for the State, as detailed by the ASEP, which indicated that it includes the three electricity distributors nationwide.

Of the total number of clients, which are 1,200,405, 92% benefit, among them residences and businesses that are in Simple Low Voltage (BTS).

The electricity distribution companies register a total of 861, 605 clients with BTS tariffs with consumption of 0-300 kWh; 108,324 customers with consumption of 301-400 kWh; In addition, there are 97,055 BTS clients with consumption of 401-600 kWh; and a total of 35,471 customers with consumption of 601-750 kWh.

Armando Fuentes, administrator of the ASEP, explained that this extraordinary benefit is applied to the price of kilowatt-hours, remaining approximately 8 to 9 hundredths, while those who do not benefit will be 16 hundredths.

The FET COVID-19, as this extraordinary subsidy is known, has been maintained throughout the national emergency situation, product of the pandemic and recognizes up to a maximum of 33% of the payment of the monthly bill of residential customers and small businesses of the three electricity distribution companies, as detailed by the ASEP.

The ASEP administrator explained that this special subsidy cost the Government $50 million every three months in 2020.

They indicated that it also seeks to urge citizens to save energy, due to the economic situation and for reasons of water generation.

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