Electricity Costs: Disadvantaged Industrialists

Nicaraguan companies in the industrial sector pay between $0.20 and $0.22 per kWh, while in other Central American countries the price ranges between $0.11 and $0.18 per kWh.

Tuesday, April 23, 2019

Data from a regional energy study by the Federation of Chambers of Commerce of the Central American Isthmus (Fecamco) reveal that for the industrial sector in Guatemala it pays the least for electricity and that of Nicaragua it assumes the highest costs in the region.

Sergio Maltez, president of the Chamber of Industries of Nicaragua (Cadin), told Elnuevodiario.com.ni that "... the costs of energy in the commercial and industrial sectors have a strong impact on the competitiveness of Nicaraguan companies compared to those of other Central American countries.

Maltez added that they do not have competitiveness because "... the highest bill in the Central American region, in both sectors, we have them. Countries such as Guatemala invest in solar panels and can enter the system to sell energy, they can market at the Central American level. In addition, between Mexico and Guatemala, an oil pipeline was built and the gas entered. That lowered the cost of energy in that country. They've had those options."

One of the conclusions of the study is that in Nicaragua the price of electricity for companies in the industrial sector is 94% higher compared to Guatemala, meaning that the difference is almost double.

In the case of the commercial sector, Nicaragua also reports the highest price in the region, since in the country the cost amounts to $0.23 per kWh, while in the other Central American economies it ranges between $0.15 and $0.20 per KWh.

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