Energy subsidies in 2023 could total CoP$2T

Company News, Financing, Regulation & Policy    Jan 12, 2023 9:32 PM

Although Colombia has a system of cross-subsidies these are insufficient to cover the shortfall for low-income families and the government of the day must write checks to the electricity distributors. José Camilo Manzur, president of the distributors’ industry association, Asocodis, estimates this could amount to CoP$2T by the end of 2023.

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