Budgetary assignments for 2015 eliminates subsidies to electricity and transportation

The Budgetary assignments for 2015 submited last Friday at the National Assembly, establishes the elimination of two grants provided by the State: electricity and urban transport. The urban transport subsidy, which claimed 48.8 million USD this year, had prevented climb rates in...

Commercial and industrial sectors are concerned about increase in electricity cost

The commercial and industrial sectors expect a loss of competitiveness due to higher electricity costs announced and approved last week by the National Electricity Council (Conelec). The $ 0.02 increase in the electricity tariff in these areas is part of the plan to reduce the...

Kilowatt per hour cost is increased

The National Electricity Council (Conelec) said in a statement that the kilowatt hour was increased by 1 cent for the residential sector and 2 for the commercial and industrial. This increase goes into effect from May consumptions that will be invoiced in June 2014 and is part of...

Investment in the electricity sector is growing, while the number of companies falls

Following the change of the energy matrix proposed by the Government, the Ecuadorian business sector invested more capital while the number of companies that perform some kind of activity, falls. From January to March, the investment was $540 million, 85% more than the same...

Electric cars arrive to the country

The State has shown interest in the technology of electric cars, according to Luis de los Reyes, director of the Renault brand, which offers four models of vehicles of this type in the country. De los Reyes added that the State has even made tests of the Kangoo model, a car that...

Electricity From The Ocean Swell Is The Cheapest

Engineer Alvin Smith invented a device that could solve two of the biggest challenges facing renewable energy (cost and variable output). The device is called Searaser. Searaser is carbon free and uses the almost constant motion of the ocean swell to drive seawater through an...