President Nayib Bukele continues to execute projects and create infrastructure for the benefit of Salvadoran families and their economies, not only in the realm of essential products but also in terms of basic services.
This afternoon, the President announced a significant reduction in the price of electricity for all Salvadoran citizens. This achievement is attributed to the inauguration of the modern 3 de Febrero Hydroelectric Plant, an innovative project that marks a crucial milestone in sustainable energy production in the country and is the first of its kind in decades.
«This comes at a critical moment because, as you all know, we are in a world of rising hydrocarbon prices, which are driving up the cost of fuels and the price of gas, which we still use to generate a lot of our energy,» explained the President regarding the 14% decrease in the price of electricity.
According to the President, a bill will be sent to the Legislative Assembly so that starting next November, Salvadoran families can enjoy this discount on their electricity bills, regardless of the distribution company.
«We will send a bill to the Legislative Assembly to retroactively change the electricity rate. Thanks to the cheap energy generated by this hydroelectric dam, not only will there be no 9% increase, but we have also managed to reduce it by an additional 5%, meaning that energy prices will drop by 14%,» emphasized President Bukele.
These actions demonstrate the President’s commitment to the national economy, benefiting all Salvadoran families. If the legal amendments are approved, Salvadoran households will see this significant discount starting from the month of November.
This announcement was made at the inauguration of the hydroelectric dam that Salvadoran families have been eagerly awaiting for decades. President Bukele’s dedication to improving the lives of Salvadorans is evident in this remarkable development.