Argentina Ends Electricity Subsidies

[Ceviche]

So its like a balloon payment , all what you underpaid since 2005 now you have to pay back with interests . Return the subsidies we received

Its ok Rich one. 100 pesos increase in the bill is not so bad IMHO.

 

[Pensador]

I wonder how many things were subsidized I know the power was but my guess it is a pretty long list.

 

[Tangerine]

More free electricity here http://www.nytimes.com/2016/02/02/business/dealbook/puerto-rico-power-authoritys-debt-is-rooted-in-free-electricity.html?_r=1 and how is it turning out?

 

[Pensador]

Ummm the population of Puerto Rico.. Not Rico now.... is 4.3 million

"Now, however, the island’s government is running out of cash, facing a total debt of $72 billion and already defaulting on some bonds"

Ummmm that is like 17K per person. Sometimes I see things like this and think WoW politicians are morons. Either that or they never studied basic math. Then I wonder what nut jobs bought the bonds and loaned the money. Then I remind myself that a majority of humanity is obviously insane and that is why we see things like this and things like wars.

Sooner or later we are all going to pay for all the madness thank God I have fishing poles and love to eat fish.

What do you think history will say about this kind of insanity?

 

[RodalfoWalsh]

Please don't use less electricity if you go below 300 kwh your variable rate goes up ...!!! to 0,566 $/kwh


So its like a balloon payment , all what you underpaid since 2005 now you have to pay back with interests . Return the subsidies we received

299 kWh = $180.67
300 kWh = $188.86

 

[Ceviche]

Either that or they never studied basic math.

I am shocked at level of Maths generally worldwide.

I take maths and economics class at least once a week even now!

 

[EJLarson]

What do you think history will say about this kind of insanity?

That it's a good thing that some of us had fishing poles?

 

[Rich One]

299 kWh = $180.67
300 kWh = $188.86

Rates for R1 and R2

299 x 0,566 = 169.2 R1
300 x 0,448 = 134.4 R2

Where do your numbers come from ??

180.67/299 = 0.604 ?

188,86/300 = 0.629 ??

 

[RodalfoWalsh]

299 x 0,566 = 169.2
300 x 0,448 = 134.4

Where do your numbers come from ??

The line right above the kWh price which is the fixed charge.

 

[Rich One]

The line right above the kWh price which is the fixed charge.

Your R1 rate is inexact? my value is $183.66

However looking at more extreme values ?