The Government announced today, Saturday, that the Puerto Rico Energy Bureau (NEPR) approved an adjustment in the rate of the Electric Power Authority (PREPA) that will take effect next Monday, June 1, and that will result in economic relief for subscribers of the public corporation.
Governor Wanda Vázquez Garced reported in a press release that the adjustment is the result of the reduction in the price of oil due to the pandemic of the COVID-19 and will entail a reduction in the invoice of 19%.
“The Authority submitted to the Energy Bureau a request for adjustments to the Adjustment Clause for Fuel Purchase and the Adjustment Clause for Energy Purchase to achieve a rate reduction,” the president explained.
“Today the Energy Bureau in Resolution and Order NEPR MI-2020-0001, after evaluating the information presented by PREPA related to the expenses and savings of the corporation for the last quarter, approved an immediate reduction of 4.1337 cents per kilowatt hour (¢ / kWh) in the electricity bill for June 2020. This equates to a 21.59 ¢ / kWh reduction from the current rate to 17.46 ¢ / kWh (19.13%) effectively as early as this coming Monday,Added Vazquez Garced.
With the entry into force of this adjustment, an unsubsidized residential customer whose monthly consumption is 450 kWh will see a reduction of $ 18.60 on their June bill. Your bill would drop from $ 97.18 to $ 78.58. Whereas a residential customer whose monthly usage is 1,200 kWh will see a reduction of $ 49.60 on their June bill. This would drop from $ 259.16 to $ 209.56.
This determination of the NEPR, a component of the Public Service Regulatory Board (JRSP), also generates an economic impact for Puerto Rico estimated at over $ 55 million for June.
“I thank the president and the associated commissioners of the Puerto Rico Energy Bureau, whom our administration has recognized, not only for fulfilling their ministerial duty to evaluate PREPA’s proposals and plans fairly, but also for giving the extra mile to identify factors that would allow even greater relief for subscribers, I am confident that in subsequent months similar reductions will be evaluated for the benefit of the people, “said Vázquez Garced.
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