Electricity rates for Santo Domingans will not go up this month, according to their Superintendent of Electricity (SIE). The Superintendent said the Leo Fernandez regime 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 SIE, they added 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.