news.pr
Puerto Rico, reported daily.
Thursday, October 29, 2026 · UTC
Puerto Rico

UPR Study Finds Puerto Rico Power Costs Outpaced US After LUMA Entry

University of Puerto Rico study finds 37% electricity cost rise post-LUMA exceeded US increases.

news.pr Desk
Share on X
Stands on 7 placed sources from 3 publishers.
University of Puerto Rico Center for Development Studies analysis found Puerto Rico electricity costs rose 37% between fiscal 2021 and 2026, compared to 30% in the United States [1][3][7] José Caraballo Cueto stated that the LUMA Energy grid operation concession did not result in reduced electricity costs as originally expected. [2] José Caraballo Cueto, UPR Center for Development Studies director, stated the 7 percentage point cost increase gap cannot be attributed solely to fuel costs [4] LUMA Energy began operating the Puerto Rico electric grid in July 2021 [5] The UPR analysis does not establish that LUMA Energy's entry alone caused the higher electricity cost increases [6]
Proof7 sources · 3 publishers
What this stands on
  1. University of Puerto Rico Center for Development Studies analysis found Puerto Rico electricity costs rose 37% between fiscal 2021 and 2026, compared to 30% in the United States · WJournal PR
  2. José Caraballo Cueto stated that the LUMA Energy grid operation concession did not result in reduced electricity costs as originally expected. · Periódico La Perla
  3. The Centro de Estudios del Desarrollo at University of Puerto Rico Río Piedras published an analysis of Puerto Rico electricity costs and service quality on 2026-10-28. · Primera HoraPuerto Rico
  4. José Caraballo Cueto, UPR Center for Development Studies director, stated the 7 percentage point cost increase gap cannot be attributed solely to fuel costs · WJournal PR
  5. LUMA Energy began operating the Puerto Rico electric grid in July 2021 · WJournal PR
  6. The UPR analysis does not establish that LUMA Energy's entry alone caused the higher electricity cost increases · WJournal PR
  7. The analysis found significantly higher monthly price volatility for electricity in Puerto Rico compared to the United States over the study period. · Periódico La Perla
The one we could place publishes from Puerto Rico. 2 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.