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Osinergmin: Electricity rates will have a reduction in February

Osinergmin: Electricity rates will have a reduction in February

For home users, the average reduction will be -4.35%. Meanwhile, for commercial and industrial users it will reach -4.97%.

The Supervisory Agency for Investment in Energy and Mining (Osinergmin) reported that the corresponding monthly review has been carried out, in compliance with the provisions of the regulations on updating the electric rates.

In this way, As of February 4, 2023, the rates of the National Interconnected Electric System (SEIN) will be reduced by -4.35% on average for home usersand -4.97% for commercial and industrial users.

It is important to specify that the electricity tariff is made up of the efficient costs of generating, transmitting and distributing electricity to users.

On their side, the rates of the Isolated Electrical Systems will have an average variation of -0.67% for home users and 2.59% for commercial and industrial users.

In accordance with current regulations, these are reviewed by Osinergmin every month, based on update formulas and values ​​of indicators such as the Wholesale Price Index (IPM), the exchange rate, the price of natural gas, the fuel prices, fuel prices copper and aluminum, as well as the contracts signed between generation and distribution companies to provide electricity to users.

Why will the rates be reduced?

According to Osinergmin, the reduction is due to the updating of generation prices for the regulated market as a result of the quarterly settlement of contracts between electricity generation and distribution companies.

In addition, this reduction is the result of the quarterly update of the additional charges to the electricity transmission rate that allow compensation for the contracts of the cold reserve plants, the generation premium with renewable energy resources, the unit charge for FISE and the charge for capacity of electricity generation. As well as the entry into commercial operation of the Tintaya-Azángaro transmission line.

Finally, another reason for the adjustment is the reduction of the Surcharge Factor of the Electricity Social Compensation Fund (PHOSE).

Source: Larepublica

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