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CFE rates for businesses increase as of January

Electricity rates for industrial, service and commercial sectors will see an increase of 0.41 percent starting January, says the CRE.

The Energy Regulatory Commission (CRE) says that electricity tariffs for the industrial, service and commercial sectors will see an increase of 0.41 percent in January following the 15 percent reduction in December of 2018.

According to a statement, the Governing Body of the CRE approved two agreements that will increase the rates. They explained that CFE has been notified of the applicable rates and clarified that the methodology will not affect homes.

This particular sector of CFE makes up about 10 percent of their users.

“They will not have significant increases compared to the month of December 2018, in which the average rate was reduced by 15 percent. On the other hand, it is noteworthy that the CRE methodology does not impact the domestic and agricultural sectors, which represent the remaining 90 percent of users,” they said.

The tariff will be updated monthly during 2019 under the current methodology, as long as new provisions for a new tariff period are determined.