The cost of electricity in El Salvador will remain stable during the next three months

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.

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 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.

“In the country, it has been possible to establish a circle of protection for the energy products consumed by Salvadorans. I am referring to the regulation, subsidy, and surveillance of fuels. It is important that it does not continue to rise, “explained Salazar.

The key to achieving price stability has been the increase in hydroelectric power generation, which has doubled, allowing 28.13% of total energy to be injected in the second quarter of 2022, compared to 14.78% in the first trimester.

Hydroelectric and geothermal generation, through the CEL and LAGEO generation plants, account for close to 40% of the total energy injected into the national energy matrix in the second quarter.

Likewise, the entry into operation of the first liquefied natural gas plant, located in Acajutla, Sonsonate, allows the diversification of El Salvador’s energy matrix through private investment in the largest energy sector in history.

In addition to this, it is highlighted that the Executive Branch will maintain the electricity subsidy for all households that have a monthly consumption of less than 105 kWh per month.