
Nota: Gráfico elaborado por la DGEHM a partir de información proveniente de la Unidad de Transacciones.
President Nayib Bukele continues to execute projects and create infrastructure for the benefit of Salvadoran families and their economies, not only in the realm of essential products but also in terms of basic services.
This afternoon, the President announced a significant reduction in the price of electricity for all Salvadoran citizens. This achievement is attributed to the inauguration of the modern 3 de Febrero Hydroelectric Plant, an innovative project that marks a crucial milestone in sustainable energy production in the country and is the first of its kind in decades.
«This comes at a critical moment because, as you all know, we are in a world of rising hydrocarbon prices, which are driving up the cost of fuels and the price of gas, which we still use to generate a lot of our energy,» explained the President regarding the 14% decrease in the price of electricity.
According to the President, a bill will be sent to the Legislative Assembly so that starting next November, Salvadoran families can enjoy this discount on their electricity bills, regardless of the distribution company.
«We will send a bill to the Legislative Assembly to retroactively change the electricity rate. Thanks to the cheap energy generated by this hydroelectric dam, not only will there be no 9% increase, but we have also managed to reduce it by an additional 5%, meaning that energy prices will drop by 14%,» emphasized President Bukele.
These actions demonstrate the President’s commitment to the national economy, benefiting all Salvadoran families. If the legal amendments are approved, Salvadoran households will see this significant discount starting from the month of November.
This announcement was made at the inauguration of the hydroelectric dam that Salvadoran families have been eagerly awaiting for decades. President Bukele’s dedication to improving the lives of Salvadorans is evident in this remarkable development.
The average electricity rate paid by Salvadorans will remain stable for the period from October 15, 2022 to January 14, 2023, thanks to a greater participation of renewables in the energy matrix, in which hydroelectric and geothermal, informed the General Superintendence of Electricity and Telecommunications (Siget).
The stability in the electricity rate has materialized since January of this year through an action implemented by the government of President Nayib Bukele, this being a relief for the economy of thousands of households.
In accordance with article 90 of the regulations of the General Electricity Law, the electricity rate must be adjusted every three months: January, April, July, and October.
It should be noted that the government has promoted 11 measures that seek to reduce the effects of inflation, and one of the specific benefits has been the stability of the electricity rate, despite the increase in the international prices of fuels used for electricity generation. electric power.
«As of this October 15, 2022, and for the next three months, users can rest assured that the price of energy will not change. This measure responds to a series of actions implemented by the government of President Nayib Bukele for more than six months with the aim of minimizing the impact of inflation,» said Siget’s superintendent, Manuel Aguilar.
For the adjustment corresponding to October of the current year, the megawatt hour will maintain its price of $143.13, which represents a relief for the economy of 1.9 million people, including all Salvadoran families, commerce, and industry nationwide.
The institution noted that in July of this year, when the adjustment corresponding to that month was made, the average price of the electricity rate experienced a reduction, and in the following three months, prices will stabilize.
To achieve price stability, the increase in hydroelectric power generation has been key. Between July and September of this year, it has managed to inject 48.44% of energy into the matrix, almost double what was generated in the second quarter, which was 28.13%, according to data from the Superintendency.
Likewise, the institution indicated that the participation of thermal generation based on liquid fuels has had a strong reduction due to the increase in non-conventional renewable plants and natural gas, thus diversifying the national energy matrix.
On the other hand, the government reported that it maintains the electricity subsidy for all households that consume less than 105 kilowatt hours (KWh) per month and the Superintendence continues to work for the benefit of the population.
«The government has determined to continue with the measures to mitigate the conditions that cause an increase in the price of energy to be passed on to all end users. This will be a mechanism that allows the current rate to be stabilized and does not allow any variation in energy, distribution, and commercialization charges.»Manuel Aguilar, superintendent of Siget.
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The General Superintendency of Electricity and Telecommunications (Siget) reported that the average electricity rate paid by Salvadorans will remain stable for the next three months.
In accordance with article 90 of the Regulations of the General Electricity Law, the electricity rate must be adjusted every three months: January, April, July, and October.
It should be noted that the government has promoted 11 measures that seek to reduce the effects of inflation, and one of the specific benefits has been the stability of the electricity rate despite the increase in international prices of fuels used for power generation. electrical.
According to Siget data, from April to July of this year, the average price of energy to be transferred to the tariff was $144.34 megawatt hours (MWh), and from July to October it will be $143.13 MWh, a slight reduction that allows prices to be maintained. current.
In this same scenario, the president of the Consumer Protection Office, Ricardo Salazar, reinforced the Superintendency’s announcement on the cost of energy in the country and stated that this quarter will see a decrease.
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