DR1 Daily News - Dominican Republic

There is more to the closing down of the Dominican Public Electricity Corporation (CDEEE), than just liquidating the staff. The Presidency issued Decree 342-21, on 16 February 2021, declaring the liquidation of the CDEEE to be a priority, transfering its attributions, faculties and functions to the Ministry of Energy and Mines and creating and integrating the liquidation commission to oversee the process “with the greatest possible speed.”

Electricity expert Bernardo Castellanos warned on Sunday, 30 May 2021 that the CDEEE would be transferring the 38 energy purchase contracts to the government-owned power distributors. Castellanos warns that some of these were signed at very high costs and that this could result in a forced increase in electricity billings for Dominicans served by EdeSur, EdeNorte and EdeEste. So far, the CDEEE has been absorbing the difference between the purchase price and...