Guatemalan Electricity Among the most Expensive in Latin America

Electricity consumption rates are located in third place with $0.17 per kWh, surpassed by the Dominican Republic, $0.23 and Panama, $0.20.

Tuesday, April 28, 2009

According to the study by the Argentine consultancy Montamat, which evaluated the prices of 13 countries in Latin America, Edenorte in the Dominican Republic has the highest electricity rates, Edemet of Panama is in second place and Empresa Eléctrica of Guatemala, S. A. (EEGSA) is in third.

A spokeswoman for the EEGSA, Ivette Zambrano told Sigloxxi.com: "The price paid by consumers is composed as follows: 68% corresponds to energy generation and transmission costs, 18% for tax charges (12% Added value Tax and a municipal tariff for lighting) and 14% that the company earns to invest and operate the network. Most energy is produced from petroleum derivatives."

More on this topic

Guatemala: Reduction in Electricity Tariff

January 2015

In the tariff schedule from February to April and the EEGSA Social Rate and Non Social rate will go down by 10%, rates for Energuate and Deocsa will go down by 1%, and rates for Deorsa will go down by 7%.

With this adjustment, the new rates per kW / h will be; for EEGSA, $0.19, Deocsa $0.26, and Deorsa $0.25.

The Rising Cost of Power in Guatemala

August 2013

Although in recent years the more expensive bunker fule has been less and less used to generate electricity, the energy cost for manufacturers has increased by 44%.

Data from the Wholesale Market Administrator (AMM) shows that the energy generated from renewable resources went from covering 47.3% of demand in 2007 to 60.8% in 2012.

Cost of Electricity Could Double

May 2009

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.

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."

Guatemala Foresees 25% Drop in Electricity Rates

October 2013

With the entry of new players in power generation and use of clean energy sources, electricity prices could fall by between 25% to 30% over the next two years.

An article in Elperiodico.com.gt reports that "...Among the new technologies being utilised in the energy matrix are natural gas, wind and solar power.

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