The Puerto Rico Government Development Bank unveiled the Economic Activity Index for the month of May, which registered a 3.4 percent year-over-year reduction from the same month in 2012 and marked the ninth consecutive month of downward results.
Despite the existence of several adverse factors that affect the price of renewable energy production in Puerto Rico, the amount per kilowatt-hour is considerably lower today than what it costs the Puerto Rico Electric Power Authority to produce energy from fossil sources, the head of the Association of Renewable Energy Producers said Wednesday.
The Puerto Rico Electric Power Authority’s new residential rate that goes into effect today for the island’s residential customers is a temporary subsidy that does not imply efficiency improvements at the agency, the Center for the New Economy concluded Wednesday.
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