Nicaragua Forum

TerryCicada
Joined 2014
Posts: 66

9 years ago

energy cost in Nicaragua

9 years ago

petrol price is still dropping in the US to below USD2.00/gal. This seems like a bonanza to many people but I am very concerned about this price war and may destroy the economy of many countries. How is the situation here where oil imports are coming mainly from Venezuela ?.
Venezuela which has the world's largest oil reserves is in deep economic crisis due to falling oil prices and Maduro is going to China to ask for an emergency loan to keep the country going.
Fuel prices are sold in liters in Nica. Can someone update me on the prices around the country.
Nicaragua is in a very favorable position tapping on solar and wind energy and not dependent solely on fossil energy. However electricity cost is still very high compared to even the US. Is the government making any effort to reduce dependence on fossil fuels? Please correct me me if this information is incorrect. On the contrary I heard that there is a heavy tariff on use of solar panels to achieve independence from fossil energy to keep the utility companies profitable. This is even the case in the US States e.g Arizona have imposed strict laws for people who wants to become energy independent because the utility companies are concerned about reduction in profits. I am planning to install solar in my home but am hesitating because of the above.
Welcome responses from those who are familiar with the situation.

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Living in Nicaragua Guide

Did you know that lots of homes in Nicaragua don't have hot water? Did you know that it's very easy to meet other expats in Nicaragua? Expats share their tips for living in Nicaragua.

Nicaragua Forum
Join our Nicaragua forum to meet other expats and talk about living in Nicaragua.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Nicaragua.

Best Places to Live in Nicaragua

If you're dreaming about living in Nicaragua, here are the 15 Best Places to Live in Nicaragua in 2023.

Healthcare in Nicaragua

Expats living in Nicaragua discuss health insurance and quality of medical care in Nicaragua. Additional topics include health insurance for 65+, in-home nursing care, prescription medicines and more.

Cost of Living in Nicaragua

Expats offer insight into the cost of living in Nicaragua.

Moving to Nicaragua Guide

If you're thinking about moving to Nicaragua, you must read these 13 things to know before moving to Nicaragua. Expats offer realistic and honest advice about cost of living, learning the language, poverty, renting vs.

Real Estate in Nicaragua

Real estate listings in popular cities and towns in Nicaragua.

Pros & Cons of Living in Nicaragua

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Nicaragua.

Retiring in Nicaragua

Advice for people retiring in Nicaragua.

10 Tips for Living in Nicaragua

If you've recently arrived in Nicaragua, here are 10 tips for digital nomads living in Nicaragua.

Additional Information:

Visit our Nicaragua Index for a Full List

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

GeoBlue

Top-quality coverage for people who live, work, study and travel internationally.
Get Quote

Contribute
Help others in Nicaragua by answering questions about the challenges and adventures of living in Nicaragua.