Venezuela Moves Time to Save Energy

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May 2, 2016

Venezuela has moved its clocks forward, in yet another attempt to save money as the country struggles through an electricity criss in the middle of a three-year-old depression.

Just last week, the government of President Nicolas Maduro declared a two-day work week for the public sector and also ordered schools shut on Fridays.

The country is largely dependent on hydroelectric power, and a historic drought has put a dent in that primary industry. As well, a large part of the country’s exports is petroleum, the price of which has fallen sharply in recent weeks.

During the weekend of April 30–May 1, the clocks went from 2:30 a.m. to 3:00 p.m. in the link of an eye (not in 30 minutes). The hope is that the miniature version of Daylight-saving Time will curtail electricity use.

The government has already implemented four-hour rolling blackouts, some of which routinely stretch beyond four hours.

Venezuela has been in a recession since 2013. The latest projections from the International Monetary Fund are that national infation will reach 700 percent before the end of the year.

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