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A man, a plan, wind power, Uruguay

Planet Money

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How Uruguay's Metering Program Impacted Energy Costs

In Uruguay, residents participate in a metering program where energy costs more during busy hours, causing people to adjust their daily routines. However, the savings were not significant and energy bills remain higher than neighboring countries. This is attributed to Ramon's decision to accept numerous bids at the same price, resulting in purchasing more energy than planned. The price for wind energy has since decreased, but the utility company is locked into higher rates for 20 years. Despite criticism, Ramon defends the decision due to the country's energy needs.

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