Nicaragua: Companies Ask for Lower Electricity Rates

The private sector will be asking the government to implement a differentiated rate for electricity companies in order to avoid losing competitiveness against the rest of the region.

Thursday, February 19, 2015

In light of the governments refusal to reduce electricity rates, the private sector has proposed the creation of a lower differentiated rate for users who consume more than 150 Kw / h per month, which are mostly companies.

José Adán Aguerri, president of the Superior Council of Private Enterprise (COSEP), told Laprensa.com.ni that "... In this country 80% of consumers are not paying the real price of energy, they are subsidized and therefore this group of consumers have a differentiated policy and ultimately it gets paid through a subsidy via the General Budget of the Republic into which taxes are paid by us businesses and residential customers who consume more than 150 kilowatts per hour."

"... The Cosep initially suggested that savings of about $100 million which the country makes from the drastic drop in oil prices, be used to repay a part of the debt with Albacaruna and the other to reduce fees to consumers. It also requested a review of the tariff schedule used for industry. "



More on this topic

Nicaragua: Production Costs Could Increase

September 2019

In the country, the business sector expects an increase in operating costs in the coming months, as a result of the expected increase in the price of electricity in the short term.

The last official increase is effective since June 1, 2019, which was 3% in the average selling price to the final consumer in the country, passing the cost per megawatt from $219.8 reported in March to $226.5 since that month.

Nicaragua: Electricity Rates to be Reduced

March 2015

The Ortega administration has attended to the demands of the real estate sector and sent to the Assembly a bill to lower electricity rates for consumers of more than 150 KW.

Finally the Nicaraguan government has responded to the request made by the Superior Council of Private Enterprise (COSEP) and sent to the National Assembly regarding a bill which establishes a reduction in the electricity rates for residential and other sectors that consume more than 150 KW.

Nicaragua Loses Competitiveness Because of Energy Rates

March 2015

Employers say the country is losing competitiveness compared to the rest of the region as it has not seen downward adjustments in electricity rates.

Already there have been several talks with government on reducing energy prices, but still no response has been received from the requests of the Superior Council of Private Enterprise (COSEP).

Nicaragua: Call for Lowering of Electricity Rates

January 2015

The productive sector has indicated that the savings generated by the reduction in the price of oil should be applied to energy tariffs.

Although this proposal is gaining strength in the context of falling oil prices, the private sector and had actually raised the idea last year.

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