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As Christmas nears, Ecuador's homes get a break from power cuts but companies still face rationing

  • Ecuadorians are experiencing relief from severe power cuts as President Daniel Noboa announced no power rationing for residential areas, at least for now.
  • Despite this relief, major companies like mines and factories will still face power rationing during December's last two weeks, according to Ecuador's Ministry of Energy.
  • Companies in Ecuador are reportedly losing about $700 million weekly due to daily power cuts, as stated by the Chamber of Commerce in Guayaquil.
  • President Noboa, who plans to run for reelection in February, aims to address the electricity crisis and reduce public frustration with the government.
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