The Executive Branch announced this Thursday that it was approved to extend until August 31 the scheme adopted (temporarily) for extraordinary contributions to the Tariff Stabilization Fund (FET) for energy consumption, due to the covid-19 pandemic.
The Presidency of the Republic reported that the decision was made by the Cabinet Council and that the cost will be about $11.12 million. The contribution will benefit 1,144,134 electricity customers; this represents 92% and the coverage is for clients that consume up to 750 kW/h.
According to data from the Ministry of Economy and Finance, for customers who consume less than 300 KW/h, the subsidy covers more than half of the monthly bill. While for customers who consume from 301 to 700 KW/h it represents 24% of the bill.
In 2021, the three State contributions in electricity subsidy totaled $190.43 million. Of this total, the FET Covid-19 represented 66% of the costs of said contributions ($126 million).
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