INTIEAChile · Inclusive Recovery Plan- Electricity subsidies (Energy Emergency and Stabilisation Fund)PolicyIn force

Inclusive Recovery Plan- Electricity subsidies (Energy Emergency and Stabilisation Fund)

In the Framework of its Inclusive Recovery Plan, the Government of Chile implemented a temporary mechanism aimed at freezing electricity prices for households consuming less than 350 KWh and SMEs at July 2022 levels, until the rest of the year. Households registering consumption…

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Country / jurisdiction: Chile · Year: 2022 · Status: In force · Level: National · Type: Voluntary

In the Framework of its Inclusive Recovery Plan, the Government of Chile implemented a temporary mechanism aimed at freezing electricity prices for households consuming less than 350 KWh and SMEs at July 2022 levels, until the rest of the year. Households registering consumption levels between 350 kWh and 500 kWh will see the increase in electricity prices capped at 5%, and those with consumption levels greater than 500 kWh will see an increase of 15% maximum. Gradual price increases may be allowed over the next ten years.

A 10 year Energy Emergency and Stabilisation Fund is set up to administer and fund the Scheme.

Official source: https://www.bcn.cl/leychile/navegar?idNorma=1179524

Source

https://www.iea.org/policies/16176

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