NewsWhore
08-02-2011, 03:30 PM
Your electricity rates will not go up this month, according to the Superintendence of Electricity (SIE). The Superintendence said that the government would postpone the increase until September. The 2.04% increase that is due to be applied would raise an estimated RD$1.36 billion, says the Superintendence. The SIE says that all of the variables went up: Natural gas, coal and the exchange rate. The authorities' commitment to introduce a new "technical tariff" for electricity in an attempt to recover costs is "a very positive step," according to Nemat Shafik of the IMF.
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