The state of Puerto Rico’s power grid has been a sore spot for many island businesses and residents, leading to backlash against Luma Energy.
High electricity costs
Luma's Bahramirad said the company has"nothing to do with increased electricity costs," adding that this is primarily a function of higher energy costs around the world. Energy prices have soared this year in part due to Russia's invasion of Ukraine. "If you had changed considerable amounts of the system, you'd still have high prices — you can't change everything overnight — but you would have been at least buffered a little bit," Sanzillo said.
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