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.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Nicaragua: Electricity Price Up 3%

January 2019

The new price sheet that has been in force since January establishes that consumers with residential, commercial or industrial tariffs will pay 3.28% more than in 2018.

Arguing that generation and distribution prices increased because of the "behavior of fuel prices," along with inflation reported by the local economy, the Nicaraguan Energy Institute (INE) decided to increase the electricity price.

Central America: Which Country Has the Most Expensive Energy?

January 2018

In 2016, the average cost of 1 kWh in Central America was 13.48 cents, while in Costa Rica, it was 18.47 cents.

A report from the CEPAL indicates that in 2016, the average cost of one kilowatt hour (kWh) in Central America was 13.48 cents, while in Costa Rica it was 18.47 cents; 37% more for industrial consumption of 100,000 kWh. In El Salvador and Guatemala, it was 11.03 and 11.54 cents respectively. In Panama, 10.92 cents. 

Guatemala: Electricity Market Control

August 2013

Guatemalan exporters are concerned about the high cost of energy making them less competitive in international markets.

Guatemalan exporters are to create an integrated electricity observation committee for private sector users in order to improve competitiveness with other countries.

Guatemalan Electricity Among the most Expensive in Latin America

April 2009

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

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.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Apr 9)
Brent Crude Oil
35.83
Coffee "C"
119.25
Gold
1,740
Silver
16.025