Venezuela to tax high power use
CARACAS, VENEZUELA - Venezuelan President Hugo Chavez said he would direct his administration to assess a tax for high consumption of electricity and set subsidies for low usage.
"Those who use energy above a ceiling will have to pay a surcharge. They must pay more. Those who spend less energy, under a minimum limit, will be subsidized and will pay lower rates." El Universal quoted Chavez saying.
"There is a world energy crisis, for God's sake, we must understand it! Some people turn on their air conditioners and let them on all night. It's like wasting water day and night," he said.
Chavez said a lack of rainfall to replenish the headwaters of the Caroni River had become "a serious situation that has affected the supply of electricity."
The hydroelectric power station Guri, Venezuela, produces 70 percent of the country's electricity.
"What I mean is that we must all be concerned... everyone has to help save energy," he said.
Related News
A New Era for Churchill Falls: Newfoundland and Labrador Secures Billions in Landmark Deal with Quebec
QUEBEC - St. John's, Newfoundland and Labrador - In a historic development, Newfoundland and Labrador (NL) and Quebec have reached a tentative agreement over the controversial Churchill Falls hydroelectric project, potentially unlocking hundreds of billions of dollars for the Atlantic province. The deal, announced jointly by Premier Andrew Furey and Quebec Premier François Legault, aims to rectify the decades-long imbalance in the original 1969 contract, which saw NL receive significantly less revenue than Quebec for the province's vast hydropower resources.
The core of the new agreement involves a substantial increase in the price that Hydro-Québec pays for electricity generated at…
