The electricity rates of the National Interconnected Electrical System (SEIN) will have a slight increase in the September bill, according to information from the Energy and Mining Investment Supervisory Body (Osinergmin). If you want to know the variation that the cost you normally pay on your electricity bill will suffer and what are the reasons that justify this increase, don’t miss this note.
Osinergmin: by how much will electricity rates increase?
According to Osinergmin, as of September 4, 2023, electricity rates began to suffer an average variation of 0.60% for home users and 0.26% for commercial and industrial users.
“As a result of said review, as of September 4, 2023, the electricity rates of the National Interconnected Electrical System (SEIN) “They will have an average variation of 0.60% for home users and 0.26% for commercial and industrial users,” the entity stated in a press release.
Osinergmin: what is the reason for this increase in electricity rates?
In accordance with current regulations, electricity rates are reviewed by Osinergmin each month based on update formulas and values of indicators such as the Wholesale Price Index (WPI), the exchange rate, fuel prices, of natural gas, copper and aluminum, as well as the contracts signed between generation and distribution companies to provide electricity to citizens.
“In the month of September 2023, The variation is due to the update of distribution rates due to the variation in the wholesale price index, the exchange rate, the price of copper and aluminum, among others. Furthermore, between January and September of this year, electricity rates for home users have registered a cumulative reduction of -11.40% and -12.59% for commercial and industrial users,” they noted.
Osinergmin. What are smart electricity rates?
A few months ago, Osinergmin announced the implementation of its pilot plan for the application of a new electricity rate option called BT5-1, which, according to the hours of use, will allow the user to access differentiated rates and save on their electricity bill. up to 20%.
Along these lines, these smart meters will record the electricity consumption of each home, at the following times:
- Base (11.00 pm to 8.00 am)
- Half (8.00 am to 6.00 pm)
- Tip (6.00 pm to 11.00 pm)
It is worth mentioning that, according to Osinergmin’s Rate Regulation Manager, Miguel Révolo, the first time block will allow savings of between 5% and 20%. Furthermore, if the highest consumption occurs during peak hours, this will generate an 8% increase in light.
Source: Larepublica
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