No electricity price hikes says Marranzini

posted on: Feb 26 2010 10:38 by Royston. Viewed 565 times.


Electricity tariffs will not increase even if oil continues to rise, according to  Celso Marranzini,  head of the Dominican Corporation of State Electrical Companies (CDEEE).

He said the government will continue to absorb the difference between the real price of energy and the resulting periodic adjustments, which are based on variables such as fuel costs and the exchange rate.
He recalled that the electricity tariff has been frozen since December 2005, and only in June and July 2009 was there an adjustment of 12.1 percent.

Francisco M�ndez, the Dominican Superintendent of Electricity also said the electrical system is almost recovered and only needs strengthening, but that last week the crisis deepened with some plants going off-line.

In addition, M�ndez defended Marranzini�s management of CDEEE and criticized his detractors as politicking, saying the entire electricity sector is working together to achieve the recovery of the service.

He maintained that at present supplies were at 80 per cent of electricity demand and the deficit of 20 percent was part of a considered  rationing plan.

M�ndez was speaking after depositing a wreath at the Altar of the Fatherland on the occasion of 166th anniversary of National Independence and the celebration in February, of the Month of the Fatherland.

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