The Dominican Hydroelectric Generation Company (Egehid) increased the number of employees by 54 between January and October of last year compared to the same period in 2023, but personnel expenses remained at the same level: US$30.3 million.
The data appears in the “Performance Report of State Electrical Companies for the period of January-October 2024”, from the Ministry of Energy and Mines. The number of employees increased from 1,801 to 1,855.
The highest expenses were recorded in non-personal services, as they rose from US$9.6 million to US$24.8 million, an increase of 158%. The other expenses line increased by one million dollars.
Operating expenses increased US$17 million between January-October 2024 compared to the same period in 2023, going from US$44.2 million to US$61.3 million.
The company billed 1,170 gigawatts, which meant an increase of 441.4 gigawatts, representing 60.6% compared to the January-October 2023 period.
This significant increase is due to the billing of 112.3 gigawatts in billed energy from the spot market for this period, the MEM report states. Starting in May, an increase was recorded in the market due to contracts with Electricity distribution companies (Ede).
It sold 988.9 gigawatts to the Ede and 181.2 gigawatts in the spot market.
The company invoiced US$158.2 million for energy sales, an increase of US$36.8 million compared to the January-October 2023 period, at an average price of 13.52 US cents per kilowatt/hour. In the previous period the average price was US$16.67 cents.
