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prima:Latent possibility of increase: LUMA Energy reports another multi-million dollar revenue shortfall

Since June, revenue shortfalls have exceeded $132 million, but the Energy Bureau has pointed out that the consortium has not justified all of its expenses

October 18, 2024 - 9:36 AM

The residential rate has remained at 23.99 cents per kilowatt-hour since July, but LUMA has requested an increase of nearly three cents to cover fuel costs. (xavier.araujo@gfrmedia.com)

The gap between the operating costs of the electricity system and the revenue generated from billing grew significantly once again in September, raising the risk of a further increase in the bills that customers will receive once the Puerto Rico Energy Bureau (PREB) allows recovery of the excess expenses.

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