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Mechanism for Financing the Accumulated Debt of Utility Services Water, Electricity and Gas as a Result of the COVID-19

Author

Listed:
  • Humberto Verdejo

    (Departamento de Ingeniería Eléctrica, Universidad de Santiago de Chile, Santiago 9170124, Chile)

  • Mauricio Holz

    (Biblioteca del Congreso Nacional, Santiago 8340327, Chile)

  • Cristhian Becker

    (Departamento de Ingeniería Eléctrica, Universidad de Santiago de Chile, Santiago 9170124, Chile)

  • Francisco Tobar

    (Departamento de Ingeniería Eléctrica, Universidad de Santiago de Chile, Santiago 9170124, Chile)

  • Fernando García-Muñoz

    (Departamento de Ingeniería Industrial, Universidad de Santiago de Chile, Santiago 9170124, Chile)

Abstract

The effects associated with the pandemic of COVID-19 have left several consequences. The large confinements have caused formal and independent job losses. Therefore, families have been forced to prioritize their monthly utility bills. Most countries have decided on suspending cuts in utility services and give them payment arrangements for the future instead. In this article, the actions taken in Latin America and Europe are presented. Additionally, for the Chilean case, a mechanism for financing the accumulated debt is proposed. The main objective of this is to establish a procedure that allows users to regain the habit of paying for public utilities (water, electricity and piped gas).

Suggested Citation

  • Humberto Verdejo & Mauricio Holz & Cristhian Becker & Francisco Tobar & Fernando García-Muñoz, 2022. "Mechanism for Financing the Accumulated Debt of Utility Services Water, Electricity and Gas as a Result of the COVID-19," Sustainability, MDPI, vol. 14(6), pages 1-13, March.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:6:p:3617-:d:774923
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