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Home International

Puerto Rico sets 7th electric rate increase in just a year

by admin
June 29, 2022
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SAN JUAN, Puerto Rico — Officers in Puerto Rico introduced one other electrical price improve Wednesday, the seventh in a 12 months amid persevering with energy outages and the U.S. territory’s financial disaster.

For a consumer that consumes 800 kilowatt hours, the brand new price might be 33 cents per kwh, in contrast with the earlier 29 cents. The typical U.S. electrical price is 14 cents per kwh, in response to the U.S. Power Info Administration.

The speed improve will go into impact Friday, angering many on the island of three.2 million individuals who simply take care of fixed energy outages blamed on crumbling infrastructure because of lack of upkeep. In April, a hearth at a foremost energy plant sparked an islandwide blackout.

The rise comes as crews start rebuilding Puerto Rico’s energy grid that Hurricane Maria razed in September 2017, leavig some prospects with out energy for as much as a 12 months.

The electrical price will increase have occurred since Luma, a non-public firm, took over transmission and distribution a 12 months in the past from Puerto Rico’s Electrical Energy Authority, which is burdened with $9 billion in debt and is attempting to emerge from chapter.

Puerto Rico’s Power Bureau stated it could revise the electrical price by or earlier than Oct. 1 amid issues that the most recent improve would spook potential buyers already cautious in regards to the state of the island’s electrical grid.

Puerto Rico’s energy crops depend upon petroleum to generate about 97% of electrical energy, with renewables producing roughly 3%. The federal government has pledged to reduce its dependence on fossil fuels in upcoming years.



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