Power distributors are reporting profits of up to 154%, says Manuel Cabral, executive vice president of the Dominican Electricity Industry Association (Adie).
It is interesting to note that electricity tariffs have not dropped despite fuel prices having declined 30%. Cabral said the Edes buy energy at 11.9 US cents from the power generators to sell it to their clients at 16.9 US cents. He said this yields very “substantial” earnings, he said speaking on La Super 7 en la Mañana radio talk show on 107.7FM. He explained 60% of the power is purchased on the spot market now that the Madrid Accord has expired.
Nevertheless, despite the high earnings, the power distributors increasingly programmed blackouts throughout their service areas. Cabral said that during the first four months of the year, the power distributors did not supply around 12% of the real demand. He mentioned EdeEste with a decline in supply of 13.27% delivered 3.8 hours of blackouts a day, while EdeSur and EdeNorte with average demand of 12% supplied 3.1 hours of blackouts.
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7 Dias
25 July 2017
