Sunday, December 10, 2023

CFE’s summer subsidy ends

The summer subsidy on electricity rates in Mexico, which has been in effect since May 1, will end on October 31 and start collecting ordinary rates.

The subsidy reduction affects the regions of 13 states: Baja California, Baja California Sur; Chihuahua; Durango; Sonora; Sinaloa; Tamaulipas; Guerrero; Oaxaca; Tabasco; Yucatán; Quintana Roo; and Campeche.

This means that the households that benefit from this government support will experience an increase in their electricity bills if they do not control their consumption.

“The adjustment factors for the basic DAC high consumption domestic service supply rate applicable in November 2023 are as follows: Importance of Adjustment for Fixed Charges: 0.9996. Adjustment Factor for Charge of Consumed Energy: 0.9972”, warns the agreement in which this change is announced.

To calculate the cost of the rate, the energy consumption in kilowatt-hours must be multiplied by the cost of each type of energy consumption, whether basic, intermediate, or surplus—which can be found on the CFE website—then added to all the results and the percentage of VAT, rounding, and government support.

For example, the fixed rate in the center of the country will be 129.99 pesos and 5,870 for energy. Conclusion: Although this is subject to final calculation as well as charges for taxes and subsidies,

Cfe'S Summer Subsidy Ends

Electricity costs in November Outside of the summer season, they are broken down according to basic, intermediate, and excessive consumption.

The president of Mexico, Andrés Manuel López Obrador, announced the extension of the summer subsidy of the Federal Electricity Commission (CFE) until October 31, but so far, the proposals and initiatives have failed to make this subsidy permanent.

World Nation News Desk
World Nation News Desk
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