The National Business Council (CONEP) is proposing a four-point plan to revamp the energy sector. As part of CONEP’s plan, the current US$1.3 billion deficit with the energy sector could be turned into an US$90 million surplus in four years providing there is: 1) a reduction of technical and non technical losses, 2) a reduction of purchase price of fuel, 3) privatization by 50% of EdeNorte and EdeSur and 4) an energy sector watchdog. CONEP is also proposing a partly government funded fiduciary fund (of which the government would pay 50%) which would be used to improve the distribution networks and stop energy theft, a common problem in the DR. CONEP is also proposing investment in the system, which the State-run Electricity Companies (CDEEE) vice president Radhames Segura has criticized the private sector for failing to do. The plan also calls for the reduction in the cost of “storage” by 15% as well as a reduction, from 20% to 2% in the cost of energy not delivered.<\/p>\n","protected":false},"excerpt":{"rendered":"
The National Business Council (CONEP) is proposing a four-point plan to revamp the energy sector. As part of CONEP’s plan, the current US$1.3 billion deficit with the energy sector could be turned into an US$90 million surplus in four years providing there is: 1) a reduction of technical and non technical losses, 2) a reduction … <\/p>\n