The Guatemalan energy authorities have announced their intentions to hold more energy auctions in an effort to bring down energy prices, according to a report by Noticias Financieras.
The news comes after the National Commission of Electricity (CNEE) decided to make 800 MW available for auction.
The price stands at $0.11 kWh, and the authorities have confirmed that projects will only be auctioned if the bids meet this price. Offers above will not be considered, the report added.
The president of the National Energy Commission (CNEE), Carlos Colom Bickford explained that “the success of this bid is not to allocate all of the 800 MW, but rather to achieve competitive prices.”
While, Jorge Alonso, the general manager of the Empresa Electrica de Guatemala (EEGSA), confirmed that “we want to get the best conditions for users.”
For more Latin America news.