Guatemala: Electricity Market Control

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

Friday, August 2, 2013

Guatemalan exporters are to create an integrated electricity observation committee for private sector users in order to improve competitiveness with other countries. The executive director of the Guatemalan Association of Exporters (Agexport), Fanny D. Estrada said that a committee has developed a plan which aims to reduce the cost of electricity.

Part of the work of the observatory committee will be to "determine whether the agents (electricity companies) act competitively," said the official, adding that "prices are high compared to other countries and there is a great deal of concern over energy costs eventually pushing us out of the international market. "

Estrada said that plastics, textiles and agricultural irrigation are some of the sectors that are affected by the cost of energy.

Prensalibre.com reports that "Roberto Barrera, consultant on energy issues, said that the rate for the industrial sector reached $0.25 per kilowatt hour (kWh), while in El Salvador it is recorded at $0.18, in Honduras from $0.15 to $0.18, Costa Rica $0.12, and Mexico, from $0.08 to $0.10. "

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