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Electricity rates increased in the Dominican Republic

Electricity rates increased in the Dominican Republic

Santo Domingo, Jun 30 (Prensa Latina) Electricity rates in the Dominican Republic will be increased from July onwards by nine percent for residential customers, it was announced today in this capital.

According to the media, the mentioned tariff corresponds to consumers between zero and 300 kilowatts per hour (KV) and in the case of small businesses a 7.6 percent increase will be applied.

The measure is part of the gradual and quarterly dismantling approved in the country with the objective of reaching 2026 without electricity subsidies, explained Diario Libre.

In monetary terms, to consumers from zero to 300 KV, the adjustment in their bill will mean an increase of 115.03 pesos (US$2.06) on average compared to the tariff established in the quarter ending this Thursday.

The Superintendency of Electricity (SIE) pointed out that the increase should have been higher, that is, it should have been between 12 and 30 percent, taking into account the current high fuel prices.

It also pointed out that the non-application of the real adjustment in the cases in which the increase should have been higher, implies a monthly subsidy of 2,426.73 million pesos (37 million dollars).

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