Top official reports irrational use of energy in Venezuela
The president of Venezuela's National Electrical Corporation (Corpoelec), Argenis Chávez, remarked that energy is not squandered in European countries because "energy in those countries is billed as it should be" whereas it is "very cheap in Venezuela." Chávez urged people to adopt energy saving policies
"We waste much energy in the country. We lack an energy saving culture," Chávez said during the presentation of Corpoelec's 2012 annual report.
Corpoelec's president pointed out that energy is not wasted in European countries because "energy in those countries is billed as it should be," as opposed to Venezuela, where energy is "very cheap."
"(Electricity) is a public utility. On the one hand, it is quite cheap. On the other hand, it takes a lot of money to generate it, transmit it, and distribute it," Chávez stated. Venezuelan electric energy tariffs have been frozen since 2003.
Domestic demand in 2012 reached 18,357 megawatts (MW), which implies a 6.9% increase against 2011, Chávez noted.
Translated by Jhean Cabrera
As Venezuelan deposits of public funds in Swiss bank accounts have been revealed, opposition Deputy Andrés Velásquez wonders whatever happened to the USD 500 million worth of CVG funds that turned up in coded bank accounts in Lebanon five years ago.