Dominican Republic’s electricity rates up again in less than one month
Santo Domingo’s Superintendence of Energy announced a second electricity tariff increase yesterday. On 2nd June, the increase was 6.4% and beginning yesterday they once more increased by 5.7% on average the price of a kilowatt/hour that belongs to tariffs classified as BTS1, BTS2, BTH, MTD1 and MTH.
DR authorities argue that fuel oil number 6 increased 21.9% in price, going from US$42.8619 Bbl., to US$52.2375 Bbl; Natural Gas fell in price from US$4.037 MMBTU to US$3.597 MMBTU, while coal prices fell by 47%, going from US$131.12 per ton to US$69.00 per ton. On the other hand, the monthly average exchange rate went from RD$36.03 to RD$36.00 to the dollar. As a result of the variation cited, the indexed tariff for the month of July experienced an increase of 0.14%.
While electricity rates had been fixed, now the Superintendence has pegged them to variables.
Blackouts continued in Santo Domingo, nevertheless, despite the rate increases.
For June, the Superintendence had already ordered increases of 12, 17, 22 and 2.2% on the household tariffs.
As per Resolution SIE-47-2009, the new tariffs are:
- 0-200 kWh: RD$3.70 up from RD$3.50
- 201-300 kWh: RD$5.81 up from RD$5.50
- 700 kWh: RD$9.26 from RD$8.76Commercial and industrial sectors:
Rates have increased to RD$4.98 from RD$4.71, RD$7.92 from RD$6.80 and RD$9.42 from RD$8.91 and RD$9.62 from RD$9.10