Nicaragua: Blue Power Awaits Tariff Approval

The company is waiting for the Nicaraguan energy institute to approve the prices it presented, which are higher than the market average.

Wednesday, August 11, 2010

The sale-purchase contract signed by Blue Power with natural gas distributors and Unión Fenosa fixes the price of each megawatt at $104.50 with an annual increase of 3% over the next 15 years.

"Carlos Cuadra, Vicepresident of Blue Power & Energy, acknowledged that the offer was above the market average but explained that the difference is due to the interest rates agreed for the project's financing, as well as the technology being used," reports Elnuevodiario.com.ni.

More on this topic

Industry Impact of Rising Electricity Rates

August 2012

In Costa Rica the last three adjustments add up to more than 11%, which is well above the 4% inflation announced by the Central Bank.

A statement from the Chamber of Industries of Costa Rica reads:

Increased electricity rates well above inflation

• Three increases have been declared so far this year.

New Concessions and Energy Rates

June 2012

The Public Services Regulatory Authority of Costa Rica has approved seven new concessions for electric power generation.

A statement from the Public Services Regulatory Authority (ARESEP) reads:

Seven new electric generators in first half of year

• ARESEP authorizes concessions and sets rates

Energy Rates Up 6.85% in Nicaragua

April 2010

The increase will come into effect on May 1st.

The Nicaraguan Energy Institute (INE) explained that the measure is in response to conditions imposed by the International Monetary Fund.

“The hike was signed and notified to Unión Fenosa executives through INE’s resolution 0999-04-2010”, reported Elnuevodiario.com.ni. “INE authorities reminded that rates had been ‘frozen’ since November 2009”.

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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