The Energy Bureau agrees to another increase in the price of electricity

Puerto Rico’s Bureau of Energy (PREB) on Wednesday approved a 4.58-cents-per-kilowatt increase in your electric service bill that will be in effect as of Friday, July 1.

The office explained in a press release that for resident customers with an average monthly consumption of 800 kilowatt hours, the new electricity price will be 33.4 cents per kilowatt-hour, compared to 28.82 cents per kilowatt-hour in the previous quarter. This is the seventh increase since LUMA Energy arrived in June 2021.

“The factor that continues to influence the cost of servicing electricity in Puerto Rico is the international price of oil and other fossil fuels. I reiterate my call for the entire country, particularly the (Electric Power) and LUMA, to focus on the transition to renewable energies, particularly with extensive solar projects “Otherwise we will continue to be hijacked by fluctuations in the prices of diesel and natural gas,” said Edison Aviles Deliz, head of the Energy Office, attorney and engineer.

However, the approved quarterly adjustment is less than the increase requested by the LUMA Energy consortium two weeks ago, which called for another increase of 4,955 cents per kilowatt-hour (kWh), or 17.1%, in the electric bill.

At the time, the company’s vice president for regulatory affairs, Mario Hurtado, said that was due to an increase in the cost of energy in the international market, whose price has risen 30% over the last quarter.

Altogether, these modifications include a cost-per-kilowatt-hour increase of $0.04578. Cost per kWh will be revised again on or before October 1, 2022.

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