Mexico Spends $4.6 Billion on Subsidies to Electricity Tariffs: Cfe

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Mexico will spend more than $4.6 billion on subsidies to residential electricity tariffs this year, reported the Federal Electricity Commission, a state-owned company known as CFE.See more: Mexico concentrates investment plans on fossil energy despite green commitments by SheinbaumEmilia Calleja, CEO of the Mexican company, said this year the Mexican government has allocated a grant for MXN$84.805 million, about $4.613 million, to support domest…

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When appearing before the Energy Committee of the Chamber of Deputies, Emilia Calleja, director general of the Federal Electricity Commission (CFE), stressed that it reacted immediately to the emergency of rains to restore the service to 100%, in less than two weeks. It also stated that the CFE has complied with the presidential instruction to guarantee the right to electricity service to all Mexicans, so it has invested more than 84 billion pes…

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So far this year, the federal government has allocated 84.8 billion pesos to subsidize electricity consumption in the country. According to Emilia Calleja Alor, director general of the Federal Electricity Commission (CFE), 89 percent of the country’s residential users receive a subsidy in their electricity rate, which in this year has represented an amount of 84.805 billion pesos (mmdp). In her appearance before the Energy Commission of the Cham…