El Nacional newspaper reported that power rates in the Dominican Republic have increased 90% in the past five months. This is due to the fact that the Superintendence of Power authorized the losses suffered by the power distribution companies in the face of the peso’s depreciation to be passed on to consumers. Users who in December would have paid RD$4.61 per kilo, in March will pay RD$8.76 per kilo. One person called El Nacional to report that last month’s power invoice was for RD$6,628.32 and the most recent one for a total of RD$11,761.60. SIE Resolution 12-2004, dated 1 March, carries the increase. Power Superintendent George Reinoso established that those consuming 300 megawatts or less, who in September 2002 paid RD$2.35 per kilowatt, will now pay RD$7 per kilowatt. Those consuming 301 to 1,000 kilowatts, who in September 2002 paid RD$2.90, will now pay RD$8.65 per kilowatt. The power authorities used a rate of RD$51-to-US$1 to establish these rates. <\/p>\n
The rate increases will affect residential, commercial and industrial users who pay for the service, while subsidizing government power expenditures and the consumption of those that are connected to the system but do not pay. <\/p>\n","protected":false},"excerpt":{"rendered":"
El Nacional newspaper reported that power rates in the Dominican Republic have increased 90% in the past five months. This is due to the fact that the Superintendence of Power authorized the losses suffered by the power distribution companies in the face of the peso’s depreciation to be passed on to consumers. Users who in … <\/p>\n