Home Headlines Economic impact on Yucatán due to the end of the electricity subsidy

Economic impact on Yucatán due to the end of the electricity subsidy

by Yucatan Times
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Inhabitants of southeastern Mexico will face a hard economic blow with the end of the electricity subsidy on October 31, so those who live in cities such as Acapulco, Campeche, Cancún, and Chetumal will be affected by the adjustment in rates.

The root of this increase is not an abrupt decision by the Federal Electricity Commission (CFE), but the end of the subsidy provided by the Federal Government. This support was implemented in areas where high temperatures are more intense, leading the population to depend on fans or air conditioners to face 30 degrees Celsius.

The increase in the use of these appliances translates into higher bills, aggravated by the increase in the electricity rate that occurred months ago. In May, the CFE adjusted rates based on the inflation index, resulting in an annual increase of 7.1 percent.

In August, the cost of electricity in homes experienced an increase of 0.7 pesos, going from 0.681 to 0.732 pesos for each kilowatt per hour (Kwh).

In response to this, the Federal Government implemented discounts in various entities to help users pay their bills. This subsidy was valid from May 1 to October 31.

States like Yucatán, and cities like Mérida, that benefit from the subsidy, face the challenge of assuming the full cost of electricity rates, which could hurt the economy of families and companies.

TYT Newsroom

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1 comment

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