Consider also that $0.011/kWh would be at or below the production cost of almost any hydroelectric dam in the world, including the Guri dam in Venezuela, which supplies 73% of the electricity in your country.
Thanks for the education of NORWAY not being on this planet. They get most of their power from dams, and the power costs often are in the 3 cents / kwh range. 11 is terribly high for hydro.
Note that the post from Venezuela is saying 1.1 cents not 11 cents...
and if you look at the power costs reported by wikipedia 11 cents is still pretty low for most places in comparison.
http://en.wikipedia.org/wiki/Electricity_pricingThe lowest reported there is 3 cents in Ukraine. I'm guessing they use hydro too because without hydro power is typically higher. Nuclear power being amongst the highest cost.