NewsWhore
05-09-2008, 08:20 PM
The country's power distribution companies are feeling the pinch of the continual increase in international fuel prices. According to the State-run Electricity Companies (CDEEE) administrator Radhames Segura, fuel price increases added US$103.79 million to distribution costs during the first five months of the year. The average price for a kWh of energy at the beginning of 2008 was US$.012, but this has risen to 15.41 cents, a 26.2% increase. Segura says that despite the problems caused by fuel prices, the distributors have been able to reduce their deficits by US$12.08 million. EdeEste felt the biggest pinch recently after the price per kilowatt jumped from 11.5 US cents in 2007 to 15.72 US cents in 2008. This represented a 36.3% increase and US$51.12 million in additional costs. EdeNorte has incurred US$39.43 in additional costs after their rate for kilowatt per hour jumped from 12.06 US cents to 15.89 US cents. EdeEste had the lowest cost increase since their kilowatt rate only went from 13.15 US cents to 14.53 US cents for an increased cost of US$13.63 million.
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