Policy status:In Force
Date Effective:2002
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Policy Target:Buildings>Building Type>Residential, Residential Appliances>Refrigeration, Residential Appliances>Cooking & Laundry, Lighting, Residential Appliances>Space cooling
Agency:Federal Electricity Commission (CFE)
Description:The Electric Power Savings Trust Fund (FIDE) along with the Federal Electricity Commission (CFE) started the Programme for Financing of Electric Energy Saving (PFAEE). The Programme finances the substitution of old, inefficient refrigerators and air-conditioners with modern and more efficient equipment. It also provides financial support for thermal insulation of homes. The cost of more efficient lighting is also financed, through a credit paid on electricity bills, which is largely recovered due to reduced electricity costs. The first phase of the programme ran from 2002 to 2006, with approximately 30 thousand homes being insulated, and approximately 130 thousand refrigerators and 623 thousand air conditioning units being replaced. For the 2007-2012 phase, a new informational operational system has been put in place, to streamline interactions between manufacturers, distributors, collectors and appliance destruction centres. All substituted inefficient equipment will be destroyed, and an electronic billing system provides timely registration and billing of credit. The Programme is also being extended to households being supplied by the Luz y Fuerza del Centro, representing a potential market of an additional 1.8 million domestic refrigerators that can be substituted.

Last modified: Mon, 30 Jul 2012 11:29:10 CEST