Nicaragua: Call for Lowering of Electricity Rates

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TODAY NICARAGUA – The productive sector has indicated that the savings generated by the reduction in the price of oil should be applied to energy tariffs.

Although this proposal is gaining strength in the context of falling oil prices, the private sector and had actually raised the idea last year. It is expected that later this month it will be once again taken to the Bureau of Energy Sector in order to cover the $ 202 million in debt generated from loans for the subsidy, and to conduct a review of the electricity tariff.

The president of the Superior Council of Private Enterprise, José Adán Aguerri told that “… This is the time to make assessments, for the company to be paid one part, and a transfer made, via the tariff to businesses and consumers, from this situation that we are facing. This is because the benefit sought is not only good for business users in the energy sector, but also to users of the residential segment. ”

The presidential adviser for Economic Affairs, Bayardo Arce, added “… During 2014, the Government granted Venezuela a total of $5 million related to the debt used to finance the energy tariff. ”