Edesur achieves a record in collections and lowers its deficit

Edesur Dominicana reported that it has reduced its debts with suppliers and the financial deficit, and highlighted that the company broke the collection record last December, as well as the accumulated of the year being the highest achieved in the company.
At the end of 2021, Edesur said that it collected the historic RD $ 3,400 million for the month of December in the 22 years since the company was founded. This meant the collection of 104% of the billing to customers in the territory under their responsibility, which at the same time shows an increase in customer satisfaction due to their high compliance when paying for energy.

From January to December 2021, Edesur achieved a collection of RD $ 37,314 million, representing the highest annual collection figure for the company in its history. This represents an increase of 5% compared to the same period in 2020.

As a sign of the financial efficiency of the company, 2021 was the year that Edesur received the least resources from the Ministry of Finance to cover the operational deficit and the tariff subsidy with an amount equivalent to US $ 150 million, representing only 3.76 %, the lowest percentage of the last 10 years of the total resources delivered year by year to the company.

The company pointed out that in the period just ended they have not taken out loans or incurred any financing, so that all of its basic operations have been carried out with its own resources, which shows the good financial management of Edesur.

However, currently, short-term indebtedness has been reduced by 100 due to the fact that in 2021 no loans were taken or any financing other than internal resources was incurred. Edesur Dominicana also reduced its debts with suppliers in both pesos and dollars.

The total debt found in pesos in November 2020 was around RD $ 643.7 million pesos, and the current one is RD $ 289.3 million.