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.
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%.
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%.
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.
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.
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