Electricity will be cheaper during Q1-2023 in El Salvador.

The General Superintendence of Electricity and Telecommunications (SIGET) announced that the average price of electrical energy will continue to experience stability for the next three months.

The institution reported that the average price of energy to be transferred to the rate will have a reduction of 2.56% for this quarter from January 15 to April 14, which will benefit the Salvadoran population.

«This decrease also occurs after the government of President Nayib Bukele kept the prices of electricity to be transferred to the population fixed during 2022 as a measure to mitigate the impact of international inflation,» said the superintendency.

Likewise, it indicated that among the factors that influenced the drop in energy prices was the contribution of renewable energies in the fourth quarter of 2022 (hydroelectric, solar, geothermal, wind, and biomass), which represented 75.9% of the total production. «The above is a sign of the consolidation of a sustainable and environmentally friendly energy matrix,» added the institution in a statement.

On the other hand, it reported that generation from natural gas was 16.29% in the previous quarter, meeting the objective of diversifying the energy matrix. And for the period from October to December 2022, fuel prices showed a significant decrease compared to the previous quarter.