Guatemala: Energy Prices in Tender Lowered

In a second round of bidding for the period 2015/2017 the bidders had lower prices, but the government believes these can be further reduced.

Wednesday, March 26, 2014

The same 14 generators who took part in the first round had sales prices ranging from $0.50 to $10.

"Dimas Carranza, Member of the Tender Board of the distributor Energuate, said they hope that with these new offers they will manage to reduce rates for users."

"This tender requires 355 megawatts (MW) to cover the period from May 1, 2014 to April 30, 2015, and 205 MW for the seasonal periods of 2015 to 2017."

"According to Edwin Rodas, Deputy Minister of Energy, the prices of these new offerings are still high. The bids do not yet reflect the energy supply that the country has" he said.

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Guatemala: Search for Better Prices in Energy Tender

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The National Energy Commission is evaluating a second round of bidding for short-term contracts (2014-2017) so that bidders can submit lower prices.

In order for power generating companies to submit bids at lower prices than those offered in the tender a few days ago, the Energy Commission will review the proposals and if it is not satisfied with the prices it will hold a second round.