INE (Nicaraguan Energy Institute) Approves a 41% Consumer Price Increase in Electricity. How is that Solar looking now?
INE yesterday approved an adjustment in the rate of energy 41.8 percent, but guaranteed not to apply to users this year because the rate is frozen for a loan of Alba Caruna that Nicaraguans have to pay later.
The central government gave "assurances" yesterday that the power tariff will remain frozen all year, but also approved an adjustment to the final energy bill applied to users up 41.8 percent will take effect from this July.
Each month, consumers will receive the increase on the invoice and will see a subtraction of the same amount. The deduction will be under the "financing fund Alba".
DOUBLE CHARGE, FOR UP AND LOAN CARUNA
Although the rate stays frozen this year, GN/UF have the right to collect the 41.8 percent adjustment, once the funding runs out of funds Alba in January next year.
Marvin Pomares, leader of the National Institute for Consumer Defence Institute (INDEC), criticized the measure applied by the Government and said that this adjustment to the rate of energy was a prize for Gas Natural.
Pomares said "Everything is a patch and the end its the same consumer who has to pay," he added.