MNI INTERVIEW: Lots More Coming On Trump Tariffs - Eissenstat

BOE MPC VOTED 7-2 FOR 25BPS CUT; TWO FOR 50BPS CUT

MNI: BOE MPC Cuts 25 bps With Two Votes For 50bs; Raises R*

MNI China Daily Summary: Thursday, Feb 6

MNI BRIEF: China Wants Dialogue Over U.S. Trade Dispute

MNI: PBOC Net Drains CNY204.5 Bln via OMO Thursday

MNI: US Q4 PREL UNIT LABOR COSTS +3.0% VS Q3 +0.5%; Y/Y +2.7%

MNI: US JOBLESS CLAIMS +11K TO 219K IN FEB 01 WK

MNI: EUROZONE DEC RETAIL SALES -0.2% M/M, +1.9% Y/Y

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHILE: Lower House Approves Electricity Subsidy Bill

CHILE
BulletEM BulletEmerging Market News
  • The lower house of Congress approved a bill to expand electricity subsidies for lower-income families yesterday after removing a measure that would have raised part of the funds required by curbing profits in a segment of the renewable energy industry. After a narrow vote to reject the measure which would have altered the pricing mechanism for small electricity producers, the remainder of the bill was approved by 97 votes to 25.
  • The bill contains two other funding sources, specifically an additional transitory tax on carbon emissions and additional revenue from a VAT due to higher electricity prices. However, the government had hoped to raise $200mn from the rejected measure, to help reduce the burden of rising electricity prices on poorer households. The rejected measure can still be restored when the legislation moves up to the Senate for review, although opposition there to it is expected to be stronger. Energy Minister Diego Pardow has indicated he could drop the rejected measure to ensure the other two funding pillars are approved.
  • On the data front, no macro data are due today, with the calendar clear until the BCCh Traders survey and December PPI figures next week.
192 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The lower house of Congress approved a bill to expand electricity subsidies for lower-income families yesterday after removing a measure that would have raised part of the funds required by curbing profits in a segment of the renewable energy industry. After a narrow vote to reject the measure which would have altered the pricing mechanism for small electricity producers, the remainder of the bill was approved by 97 votes to 25.
  • The bill contains two other funding sources, specifically an additional transitory tax on carbon emissions and additional revenue from a VAT due to higher electricity prices. However, the government had hoped to raise $200mn from the rejected measure, to help reduce the burden of rising electricity prices on poorer households. The rejected measure can still be restored when the legislation moves up to the Senate for review, although opposition there to it is expected to be stronger. Energy Minister Diego Pardow has indicated he could drop the rejected measure to ensure the other two funding pillars are approved.
  • On the data front, no macro data are due today, with the calendar clear until the BCCh Traders survey and December PPI figures next week.