| Dominican consumers spared electricity rate rise |
| Domican-Today |
| 12/9/2007 |
Source: The Dominican Today
Santo Domingo.- The Electricity Superintendence is promising that it will not pass on recent increases in the cost of generating electricity to the consumer, and will keep electricity rates stable this December.
According to a statement from the government body, customers will not be subject to increased charges for their electricity supply, although generation costs have gone up due to the price rise in fuel oil number 6, which has gone up by 11.70% from US$57 to US$63.6 in recent months.The change in the dollar-peso exchange rate from RD$33.48 at the beginning of the year to RD$33.55 is also being blamed for the increased cost.
As a result, electricity rates for December should go up by 5.05 %, equivalent to RD$527.16 million. This increase will be absorbed by the government. |
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