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View Full Version : Conep defends 8% rate increase



NewsWhore
05-31-2011, 03:00 PM
The National Business Council (Conep) said yesterday that the 8% increase in the electricity rate is a "heavy blow", but the country lives in a globalized world and does not control the price of oil. They also came out in defense of the free trade agreements and regretted that criticisms have intensified over the past few weeks, at a time when no country in the world has been able to progress by "closing its doors and hiding from the global realities".

The Conep statement on electricity rates was supported by the Industrial Association, but other groups such as the Consumer Rights Foundation (Fundecom), the PRD Economic Commission and the presidential candidate for the National Progressive Force, Pelegrin Castillo, believe it is unacceptable and unfair to increase the rates.

Conep president Manuel Diez Cabral, quoted in Diario Libre, said that any productive sector or home where they increase the electricity rates is not good, but the country does not produce oil. And for years they have tried not to increase the rates, but oil reached US$150 a barrel and the rates hardly moved, and it is impossible to maintain this situation. "Somehow we have to adjust the electricity rates and do it in a transparent manner and when they have to go up, they go up, and when they have to go down, they go down, and in addition they have to charge for the electricity, and prosecute everyone who does not pay, and therefore nobody should be surprised a the levels of the price of fuel oil that the electricity rates have to be increased."

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