2003News

Power up 12%

Power rates will rise 12 percent in February, meaning that residential consumers will now be billed a fixed charge of RD$5.56, plus RD$2.74 per kWh for the first 300 kilowatt-hours, and RD$3.41 per kWh for all additional kilowatt-hours. The Superintendence of Power Resolution SIE-05-2003, published in newspapers today, also aims the increases at industrial and …
2003News

Green light to connect to generators

Resolution SIE-06-2003, as published today by the Superintendence of Power, eliminates the so-called toll the department had authorized power distributors to levy on companies to discourage them from purchasing power directly from the large power generators at considerable savings. Large companies had protested the illegality of the toll for months.  Only very large companies are …
2003News

Euro gets in sync

After weeks of being undervalued, the Euro has crept up to its estimable real worth in exchange markets in the Dominican Republic. The Listin Diario reports that yesterday, the Euro was being bought for 30 points more than the US dollar at a price of RD$24.74 each. The dollar was selling for about RD$23.50.