The security provided to generators in signing long-term contracts means lower electricity rates to end users.
An article in Elmundo.com.sv states that "The entry into force in January, of two new long-term contracts to provide power for two years to distributors, will prevent a further increase in the new energy prices which will be valid from April 15, according to the company DELSUR. "
Electric power fees will be reduced between 10% and 12% starting October 12th.
The exact reduction will be known by the end of the month, after the fee adjustment process for April-September 2009.
This was reported by the Electricity and Telecommunications Superintendence (Siget), and electric power company AES, who added that "these adjustments are done every six months, on April 12 and October 12 of each year".
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