After receiving a ruling opposing the international arbitration disputed with Teco Energy, the New York State Supreme Court ordered the seizure of $15.75 million from Guatemala.
Teco Energy is a company that was a shareholder of Empresa Eléctrica de Guatemala and years ago claimed international arbitration, arguing that from 2008 to 2013 the National Energy Commission set a maximum amount that energy distribution companies could charge the user.
Empresa Nacional de Energía Eléctrica de Honduras tenders for the supervision and management of projects to expand electrical substations and build new ones.
Honduras Government Purchase ENEE-61-SBCC-CF-:
"This project consists of the supervision and management of the following projects:
Tender 1
Batch 1:
1. Construction of the Simple Transmission Line in 138 KV between the Miraflores-Laínez Electric Substations
For the period from November 2020 to January 2021, Deocsa and Deorsa users will be charged an increase in the price of electricity of 1.5% and 1.6%, respectively.
In general terms, it is possible to indicate that for the following quarter the rates show minimal variations derived from the regular behavior of macroeconomic variables that have a direct incidence on the costs transferred to the rates, informed the National Commission of Electric Energy (CNEE).
Due to the drop in economic activity generated by the covid-19 crisis, a 7.9% reduction in domestic electricity consumption was reported in the region between March and June 2020, when compared to the levels of the same period in 2019.
Regarding the reduction of internal consumption of electricity in the countries from March to June 2020, we have that Guatemala had a drop in its demand of 239 GWh (Gigawatt hours), which corresponds to 6.6% compared to the consumption of electricity in 2019, in the case of El Salvador with a reduction of 335 GWh, equivalent to 15.4%, says a report from the Regional Operating Agency (EOR).
For the quarter from August to October 2020 EEGSA users will have a drop in their tariff of -1.75% compared to the price of the second quarter of the year.
According to the document issued by the National Commission of Electric Energy (CNEE), between the quarter of May to July this year and the quarter of August to October 2020, the non-social tariff of EEGSA went from 1.32 to 1.28 Q/kWh, which represents a 1.75% decrease.
For the quarter from February to April, tariffs will remain stable because certain variables with a direct impact on generation costs do not show significant changes.
Between -0.01% and -0.03%, variations will oscillate for EEGSA, DEOCSA and DEORSA users, informed the National Commission of Electric Energy (CNEE).
Arguing that there is a risk that energy transactions in the region will become more expensive, Guatemalan businessmen are asking the outgoing government to refrain from approving or signing reforms to the Central American Electricity Market Framework Treaty.
Because on January 10 the discussion is programmed within the Director Council of the Regional Electric Market of Central America (CDMER), the subscription of the Third Protocol, which would reform the Framework Treaty of the Electric Market, the private sector of Guatemala has issued an alarm before any change in the regulations, since it could cause increases in the prices of energy transactions or generate negative effects in the Guatemalan market and its interconnection with Mexico.
From November 20 to 22, the second edition of the Gas and Energy Summit of the Americas will be held in Panama City, where topics related to the financing of energy projects will be discussed.
The second edition of the Gas and Energy Summit of the Americas will combine conferences on strategic topics with high-level government presentations, thematic debates on innovative content, as well as discussion panels for the collective construction of solutions, led by prominent figures from the regional and global energy sector, informed the Ministry of Commerce and Industries (MICI).
From 1 November, EEGSA users will have a 0.4% increase in their tariff compared to the price for the third quarter of the year, and for DEOCSA and DEORSA users the increase will be 2.2% and 2%, respectively.
The tariff adjustment approved by the National Electric Energy Commission (CNEE), will be paid by users from November 1, 2019 to January 31, 2020, requires an official report.
Central American countries do not take advantage of the electric transmission line that connects them, because the poor infrastructure at the local level prevents the exchange of energy at the maximum level.
Managers of the Central American Bank for Economic Integration (CABEI) believe that the lack of electrical installations, especially in the stations of each country, are an obstacle to achieve a reduction in final tariffs to consumers.
After a $7.4 million investment, Transportista Eléctrica Centroamericana launched the power transmission work that will link the substations of Iztapa and Taxisco.
The completed work that will connect the substations in the departments of Escuintla and Santa Rosa, was awarded in January 2015 and consists of 16 kilometers. These works are part of lot D of the National Transmission Expansion Plan (Petnac).
In Guatemala, the upward trend shown by tariffs in 2018, because of the 10% drop in hydroelectric generation and the increase in production with coal and oil derivatives, could continue this year.
The National Commission of Electric Energy (CNEE) reported that last year energy tariffs increased between 5% and 7% in the three largest distributors: Eegsa, Deocsa and Deorsa.
In a new attempt, the authorities of the Regional Electricity Market announced the beginning of the feasibility study for the creation of a market through which electricity can be commercialized between Central America and the North American country.
Currently, Guatemala is the only country in the Northern Triangle that directly commercializes energy with counterparts in the Mexican market.
Guatemala exported $10 million worth of electricity to the neighboring country in the first seven months, significantly more than the one million dollars reported in 2017.
Sergio Recinos, Banco de Guatemala president, said to Dca.gob.gt that "... With regard to this activity, greater dynamism is expected in electricity generation associated with the expected increase in external demand from Mexico and the restructuring of the energy matrix'.”
Difficulties in a generating plant in Costa Rica and the growing regional energy demand are some of the reasons of the increase in electricity exports from Guatemala.
Statistics by Banco de Guatemala report that between January and July of this year sales abroad of electric power amounted to $81.7 million, an amount that exceeds by 36% the $60 million registered in the first seven months of 2017.