Costa Rica and Honduras sell the cheapest electricity in the region

Saturday, 07 January 2012 11:44

Newsroom Staff

By Susana Lima

Honduras could be the destination of foreign investment in new industries thanks to the recent increase in electricity prices in El Salvador and Nicaragua.

Starting today, the hard 9% increase in electricity bill will become effective, upon approval by the Nicaraguan authorities.

The Nicaraguan government will subsidize the fuel adjustment with an amount of $ 26 million during the first six months of 2012 and from June, a further increase of 11% will also be authorized in the electricity bill. According to authorities, the increase is due to the high cost of international bunker.

The latest report of the Economic Commission for Latin revealed that the countries that sell the cheapest electricity in Central America are Honduras and Costa Rica.

The electricity in Honduras is sold for a price of 13.62 cents per kilowatt / hour and in Costa Rica, its price is 8.76 cents. While in El Salvador, for the industrial sector, electricity is sold at 16.24cents a kilowatt hour.

Regardless of the new increase, in Nicaragua it is sold at 16.01 cents and in Panama to 16.1 cents.

More than 16 companies moved their operations from Honduras to Nicaragua mainly due to the high cost of electricity.