Electric rates drop for many CFE households, businesses

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CFE rates will be steady or a little less for customers in August. Photo: File

Mérida, Yucatán — Power for some will cost less in August than it did in July, if only slightly, the CFE reported today.

The utility announced a 1.7-2.4 percent rate drop for commercial customers, and 1.7 percent drop for the few residential customers who pay high-consumption rates, said the federal power commission.

This is the fourth consecutive month of rate decreases, said the CFE.

But the rates for low-consumption domestic customers will remain unchanged in August. Low-consumption domestic rates have not increased in 32 months, CFE reports.

About 99 percent of households in Mexico — about 36.5 million clients — pay the discounted rate granted customers who are abstemious with their power consumption.

Electric rates climbed 4 percent each year from 2006 to 2014, but energy reforms causes them to fall 2 percent in 2015 and another 2 percent in 2016, according to the CFE.

Reductions were linked to lower prices for the fuels used to generate electricity.

Source: Press Release

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