NewsWhore
07-02-2010, 03:40 PM
The Superintendence of Electricity issued a press release explaining that electricity rates would not go up in July, as had been speculated. He said that rates will be maintained despite the "slight rise in the exchange rate of the dollar."
The press release mentions the lower prices for Fuel Oil #6, which was 8.5% lower, and natural gas that was US$0.80 less per million BTUs. Coal, however, increased US$5.13 per ton, and the exchange rate went from RD$36.75 to 36.85 to the US$1 during the same time period.
The Superintendence also said that the government will be spending RD$726.48 million in subsidies to cover the deficit in what the power electricity distributors are collecting and what power generators are billing for the month of July.
More... (http://www.dr1.com/index.html#4)
The press release mentions the lower prices for Fuel Oil #6, which was 8.5% lower, and natural gas that was US$0.80 less per million BTUs. Coal, however, increased US$5.13 per ton, and the exchange rate went from RD$36.75 to 36.85 to the US$1 during the same time period.
The Superintendence also said that the government will be spending RD$726.48 million in subsidies to cover the deficit in what the power electricity distributors are collecting and what power generators are billing for the month of July.
More... (http://www.dr1.com/index.html#4)