Government: Decree on Electricity Is for "Facilities Not to Rise
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Fact sheet The Government clarifies that Supreme Decree 5750 will not increase electricity rates in Bolivia, modifying the price calculation to protect users. To see the full context Context: The presidential spokesman, José Luis Gálvez, explained in a press conference that the norm adapts the calculation to the exchange rate of the US dollar. The modification seeks to avoid surprises in invoices and guarantee the sustainability of the electrici…
After the approval of the Supreme Decree (DS) 5750 on the update of the formula to adjust electricity rates, the presidential spokesman, José Luis Gálvez, said that "the price of electricity is not rising." "What is the decree about?, it is about protecting the population in general and that the rates do not rise abruptly," said the spokesman at a press conference on Wednesday.
Gálvez explained that with respect to the exchange rate, the standard will take the average of the monthly exchange rate.
Supreme Decree 5750 modifies the formulas for updating electricity rates according to the variation of the dollar. The Government assures that the measure seeks to avoid abrupt increases and states that the price of electricity for users will not rise.
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