Energy Costs in Nicaragua

The high price of oil and other factors have increased the average cost of electricity generation in Nicaragua by 51%, of which only 7% has been passed on to the consumer with the remaining 44% being assumed by grants implemented by the government using ALBA funds.

An article in Elnuevodiario.com.ni reports that "the economist Adolfo Acevedo revealed that the energy consumed by residential users has become 51% more expensive this year. He goes on to report that prices for commercial consumption have increased by 50.2%, for the industrial sector 48.2%, irrigation 43.9% and pumping 51.5%. "

In October last year, the average cost of a megawatt was $141.89 on the regulated market. In October this year, the average cost of a megawatt shot up to $206.89 on the regulated market.

Source: elnuevodiario.com.ni

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