A new solar PV plant is contributing to a lower electricity cost in El Salvador. The 25 MW expansion to the Providencia solar PV plant (now totalling 60 MW) is selling power to the national grid at a price of $0.1019/kWh. According to the Consejo Nacional de Energía (CNE), this price is 18% lower than the average price for power of $0.1236/kWh registered during the first quarter of this year. El Salvador’s regulator Siget has announced that the tariff of electricity will be reduced by 3.09% in the quarter from July 15 to October 15. The price drop is due to increase of power production from hydro sources, the grid connection of the 60 MW solar plant in April, and a slight decrease in the international price for bunker fuel.
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