Cost of Electricity Could Double

A Guatemalan court held that EEGSA electricity company was right in its claim, which would raise the cost of a kilowatt from $0.16 to $0.25.

Thursday, May 28, 2009

If this ruling is confirmed in superior courts, the increased cost of production would be inaccessible for many businesses.

Carlos Colom Bickford, president of the CNEE, told Elperiodico.com.gt: "We are extremely surprised and troubled by the decision in favor of EEGSA, but we filed an appeal before the Constitutional Court to correct the resolution."

More on this topic

Guatemalan Energy Rates Hike Hangs in The Balance

May 2010

An increase in energy prices, effective since May 1st, was nullified by a court ruling.

The Second Civil Court, head by judge Norma Eugenia Fratti, ruled in favor of two “recursos de amparo” (appeals for legal protection on grounds of violation of rights and liberties), introduced by Human Rights Defender Sergio Morales.

Electricity Rates Up 15% in Guatemala

January 2010

The cost of non-subsided electricity will increase 15% on February 1st.

Carlos Meany, minister of Energy, explained that the increase will only affect users who consume more than 300 kilowatts a month.

"The increase is in response to lower hydroelectric generation, caused by a shortage of rain, and increases in the price of petroleum", reported Prensalibre.com.

Further Increases in Electricity Rates in Costa Rica

August 2012

Large scale customers of the Instituto Costarricense de Electricidad (ICE) will pay an extra 23% on their electric bill if the requested increase is approved by the regulator.

Delays in the start up of new hydroelectrical projects by the ICE and the low amount of rainfall this year are taking their toll in the form of cost increases in power generation because of the increase in purchases of bunker and diesel for power plants.

Guatemala Extends Energy Subsidy

May 2010

The government of Guatemala will invest $14.52 million to lower the energy bill of those users consuming more than 300 kilowatts.

This way, the existing energy subsidy is extended to those users not included in the social rate (less than 200 kilowatts).

Local newspaper Elperiodico.com.gt reported that the money will be wired to the country’s energy companies, in order to absorb a recent increase in the price of energy.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Automotive and Industrial Oil Lubricants

OEHC Lubricantes cover the automotive, maritime, heavy equipment, industrial, agriculture sector and greases.
Minimum quantity one 40 FT Container (96 drums of 55 Gal...

Stock Indexes

(Mar 24)
Dow Jones
-0.09%
S&P 500
0.04%
Nasdaq
0.36%

Commodities

(Mar 24)
Brent Crude Oil
50.760
Coffee "C"
140.00
Gold
1,248
Silver
17.69