NewsWhore
01-08-2008, 04:00 PM
State-run Electricity Company (CDEEE) vice president Radhames Segura has expressed pessimism about the energy situation the DR during 2008. Segura said that increasing fuel prices are to blame for this outlook. Segura explained that for every dollar that fuel prices go up energy distributors must find a further US$12 million to purchase the same amount of energy. Segura went on to explain that as a result of current contract restrictions energy generators buy energy from the distributors at US$0.15 cents KW/hour or US$0.16 cents KW/hour while the sale price is at between US$0.18 cents KW/hour or US$0.19 cents KW/hour. Segura added that the distribution margin is US$0.3 cents to the dollar and with that margin no energy distributor, no matter how efficient, can do a reasonable job of distributing energy.
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