Puerto Rico Faces Record Electric Rate as Demand and Costs Increase
- A record electric rate went into effect Thursday in Puerto Rico, raising the monthly bill for a residential customer consuming 800 kilowatt-hours from $229 to $271, according to the Energy Bureau.
- Rising global oil prices driven by conflict in the Middle East, combined with higher summer energy consumption, necessitated the rate hike. Petroleum currently accounts for 63% of the island's overall energy use, according to the Energy Information Administration.
- Genera, which oversees power generation, currently relies on expensive diesel because a natural gas vessel is blocked from San Juan Bay for two weeks. The Energy Bureau is investigating $19 million in questioned gas payments.
- Puerto Rico Gov. Jenniffer González is pushing to cancel the contract with Luma Energy as the Electric Power Authority struggles to restructure its more than $9 billion debt load. The dispute remains tied up in court.
- The new rate remains in effect until Dec. 31, straining a population where more than 40% live in poverty. Persistent outages continue nearly a decade after Hurricane Maria razed the grid in 2017.
26 Articles
26 Articles
Puerto Rico faces record electric rate as demand and costs increase – WTOP News
SAN JUAN, Puerto Rico (AP) — A record electric rate went into effect Thursday in Puerto Rico as outages persist and the U.S. territory’s power grid continues to crumble. A residential customer that consumes 800 kilowatt-hours a month will see the monthly bill rise about 18%, from $229 to $271, according to Puerto Rico’s Energy...
Each kilowatt-hour (kWh) of light will cost $0.05284 more to residential customers from October 1, passing from $0.28574 to $0.33858, a change that increases by $42.27, or 18.5%, the bill of a household that consumes 800...
Between October and December, an average non-subsidized residential client will pay an additional $42.27 each month compared to the previous quarter.
An average residential client will pay $42.27 extra on the electricity bill for the last quarter of the year, announced the Energy Negotiate.
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