For the Superior Council of Private Enterprise (Cosep), the advantage of buying and storing oil derivatives for electricity generation as soon as possible should be evaluated, and thus taking advantage of the historical lows in the prices of these products.

You may be interested in "Energy Sector: Outlook for the Region"

Because of the power purchase contracts signed with generators in other countries, the drop in local electricity rates could not be done immediately, according to experts in the field.

Fernando Bárcenas, an electrical engineer, told Laprensa.com.ni that the Nicaraguan government made purchase contracts with "... Panama and Guatemala, where electricity costs are lower than in the country. In fact, they are the countries with the lowest rates, but the problem is that there are contracts with established prices."

According to Javier Mejía, of the Humboldt Center, "... it is important to consider that not all of the energy matrix is thermal, since half is from renewable sources and the other half from fossil fuels. This season is when there is more generation from wind and biomass, so thermal energy does not have as much weight in the costs."

According to CentralAmericaData reports, if quarantine and mobility restriction measures are extended for two months, it is predicted that by the end of the year the annualized demand for electricity generation, transmission and distribution in Central America will have fallen 4%.

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Source: laprensa.com.ni

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