Monday, April 7, 2025

Theft cost electricity commission 30 billion pesos last year

Stolen electricity cost the Federal Electricity Commission 30 billion pesos (US $1.57 billion) last year, and technical issues accounted for a similar loss.

The state utility’s chief financial officer, José Antonio Rojas Nieto, said that 7% of the power the commission generates is stolen, while a similar percentage is lost due to technical failures.

CFE director Manuel Bartlett Díaz said that while electricity theft is a delicate issue, it’s not only small businesses that are responsible.

“There has always been power theft by large businesses, by hotels and large industries . . . It’s not the small ones . . . not even a whole neighborhood can steal as much as a business,” he said.

The theft of electricity by large firms has been happening for years, he continued, asserting that it was known they were not paying for it because murky dealings existed. “This is a situation we must now fight against.”

“We must check that all the large businesses are paying what they owe.”

Source: El Economista (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
An elderly woman in a pink coat stands behind a table with a gun and packets of powder, next to two younger handcuffed people and several police agents

‘Killer granny’ goes viral after shooting alleged squatters in México state

4
The case of the abuelita sicaria has sparked an avalanche of memes, and some serious conversations.
Workers for disaster relief agency clear floodwaters in Reynosa

After disastrous flooding, Tamaulipas is picking up the pieces

0
Reynosa and surrounding areas are recovering from severe flooding that left four dead and thousands affected.
A modem with the TotalPlay internet logo

Totalplay announces new bandwidth limits, prompting a consumer watchdog warning

0
“Have I ever let you down?” the company's billionaire owner wrote in defense of the controversial change. “Give me a chance.”