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Saturday, June 29, 2024

Chile's president defends power rate hike after five-year freeze

 

Chilean President Gabriel Boric pitched a decision to raise electricity rates over the next few months as a necessary if unpopular measure that will promote healthier public finances. Power rates had been frozen since 2019, which has led to an accumulated debt of some $6.5 billion, Boric said in an interview on Thursday with Radio Presidente Ibanez, located in southern Chilean city of Punta Arenas.

https://www.reuters.com/world/americas/chiles-president-defends-power-rate-hike-after-five-year-freeze-2024-06-27/

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