Honduras: Deficit prevents reduction in electricity rates

The Government reported that it will not make any reductions in rates for the National Electric Energy Company, due to the deficit of $39 million.

Thursday, October 30, 2008

"You should be aware that the State subsidizes the consumption of energy, that consumers are not paying the real price despite what is said by people in the industrial and commercial and other sectors," Energy minister, Rixi Moncada, said.
"For example the adjustment for fuel cannot be carried out irresponsibly, we are still operating at a loss."

More on this topic

Industry Impact of Rising Electricity Rates

August 2012

In Costa Rica the last three adjustments add up to more than 11%, which is well above the 4% inflation announced by the Central Bank.

A statement from the Chamber of Industries of Costa Rica reads:

Increased electricity rates well above inflation

• Three increases have been declared so far this year.

Electricity Costs Down 12% in El Salvador

September 2009

Electric power fees will be reduced between 10% and 12% starting October 12th.

The exact reduction will be known by the end of the month, after the fee adjustment process for April-September 2009.

This was reported by the Electricity and Telecommunications Superintendence (Siget), and electric power company AES, who added that "these adjustments are done every six months, on April 12 and October 12 of each year".

Electric Fees Will Be Lowered 10% in Panama

July 2009

A 10% reduction for business and residential fees will come into effect in the next weeks.

The announcement was made by president Ricardo Martinelli, at a meeting with the Union of Industry.

From newspaper La Estrella: "In the meeting, Martinelli informed them that the reduction was achieved after reaching a consensus with energy generation, transmission and distribution companies.

Up to 16% reduction in electric rates in Honduras

February 2009

The new rates plan came into effect on February 1, the ENEE manager, Rixi Moncada, reported.

La Tribuna.hn reports: "...there will some slight reductions in the rates, which will be between 5 and 12% depending on consumption; these will be applied starting February.

"Some consumers will see reductions of between 8 and 12% and in some cases, up to 16%"."

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