They are going to give you a credit on your gas bill: Government orders the return of more than $150 billion to users

President Petro had already announced his intention to import gas from Venezuela. Photo: Istock

They are going to give you a credit on your gas bill: Government orders the return of more than $150 billion to users

TL;DR

  • The CREG has reversed the 2023 WACC rate increase, ordering the return of over $150 billion to natural gas users.
  • The previous WACC increase from 10.94% to 11.88% led to higher transport charges on gas bills.
  • Millions of residential and commercial users will receive reimbursements.
  • Transport companies like TGI and Promigas were affected by the adjustment.
  • The Ministry of Mines and Energy stated the decision defends users and aims to provide fair and transparent tariffs.
  • The CREG will define the specific procedures and timeline for the refunds.

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