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Alternate charge fluctuations trigger losses for CFE

The Federal Electrical energy Fee (CFE) had losses of greater than 76,690 million pesos within the second quarter of 2024, a consequence that was defined by the impact of volatility within the change charge, in keeping with info despatched by the corporate to the Mexican Inventory Alternate (BMV).

In keeping with the report for April-June of this 12 months, the unfavorable consequence contrasts with the earnings reported in the identical interval final 12 months, which amounted to 55.68 billion pesos.

Within the reference interval, the CFE reported accrued revenues of 321,702 million pesos, an quantity that in comparison with the identical interval in 2023, confirmed a rise of two.5 p.c, equal to 7,795 million pesos.

The rise was brought on by a higher variety of customers and the rise in costs derived from inflation, remaining beneath it.

The corporate stated that power costs would stabilize in 2024, which would scale back the manufacturing prices of energy vegetation that use pure fuel, diesel, gasoline oil and coal.

He recalled that in June 2023, a 33 p.c upward fluctuation was noticed attributable to hypothesis in gasoline costs brought on by the battle between Russia and Ukraine, whereas on the finish of the second quarter the typical pure fuel worth index was 39.1 pesos per gigajoule.

On the finish of the second quarter of 2024, CFE’s working prices amounted to 247,557 million pesos, which represented a rise of 1,382 million pesos or 0.6 p.c in comparison with the identical interval in 2023.

He commented that this fixed impact is especially because of the stabilization of worldwide fuel costs throughout 2023 and the primary half of 2024.

He famous that on the finish of April-June the change charge was 18.22 pesos per greenback, which brought on a loss attributable to change charge fluctuations as of June 30, 2024 of 99,992 million pesos, derived from the commitments in international forex.


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– 2024-07-27 00:14:29

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