Utility suggests saving energy to deal with spiraling crude prices

Santo Domingo.- The State-owned Power Companies (CDEEE) yesterday asked the population to save energy in their electrical appliances to deal with the spiraling petroleum prices.

It said to guarantee the utility’s financial sustainability and stable service it’s necessary to save energy and pay their bill on time. “West Texas Intermediate crude reached US$100 per barrel in the market in these last few days, the highest in nine months. We need to react with great concern because of the course the petroleum prices are taking and the impact that tendency would have in the electrical sector.”

It said that despite of the efforts to modernize the generation matrix by increasing the natural gas-fired plants to 27.0%, and the hydroelectric dams to 15%, those which still use petroleum as fuel make up the rest of the country’s generation park.