In Ecuador, everyone’s electric bills are paid half by the government, and half by the people who consume the electricity.
But in a recent ruling, the government has decided to eliminate the subsidy for people who consume more than 500 KV per month, generally affecting the rich and business owners who consume a lot of energy, for whom they are looking at an electric bill soon to be double of what it was.
As for the common folk, who pay around $5-15 a month for an average to small consumption, their bills won’t be affected.
To stay in-the-know on all the latest news any savvy investor NEEDS to know before they invest in Ecuador, sign up for my weekly Ecuador Insider’s newsletter below, free! You can unsubscribe at any time: