• Costa Rica Real Estate

Regulatory Authority approves lower electricity rates starting October

September 18, 2015
4 Comments

The Public Services Regulatory Authority (ARESEP) approved a drop in electricity rates for all generation and distribution companies that will take effect the last quarter of this year. Depending on the utility company, rates will decrease by 1.15 to 3.82 percent starting on Oct. 1.

That applies to electricity rates from the country’s eight power distribution companies and corresponds to ARESEP’s most recent calculation of variations in fuel prices conducted last week.

Annual projections in December 2014 showed that the country during the last quarter of 2015 would be required to spend ₡2 billion ($3.8 million) in fuel for thermal generation.

“The current estimates are that generators will not be required to use any of the thermal plants over the next three months, therefore, the purchase of fuel for that period will cost zero colones,” ARESEP reported.

The Costa Rican Electricity Institute supported ARESEP’s evaluation and reported that according to their latest projections, reservoir levels at hydroelectric plants will remain stable for the last quarter.

ARESEP also stated that the launching of new generation projects and opportunities to buy imported energy at lower prices in the regional electricity market also favored lower rates.

The complete list of approved decreases by company can be found on ARESEP’s website.

Facebook Comments

You may be interested

Costa Rican students continue protests over public education programs
Costa Rica
85 views
Costa Rica
85 views

Costa Rican students continue protests over public education programs

Monserrat Cordero Parra and Rita Valverde / Semanario Universidad - July 15, 2019

Costa Rican high school students demonstrated Monday in front of the Rofas Building in San José and closed educational centers…

Central American countries raise alert about banana wilt
Central America
813 views
Central America
813 views

Central American countries raise alert about banana wilt

AFP and The Tico Times - July 14, 2019

The International Regional Organization for Agricultural Health (Oirsa) issued an alert on Sunday to prevent the advance of the destructive…

Slothy Sunday: Five ways you can help sloths
Sloth Sundays
375 views
Sloth Sundays
375 views

Slothy Sunday: Five ways you can help sloths

Ally Chamberlin / Toucan Rescue Ranch - July 14, 2019

It is no question that sloths have somewhat taken over the internet with their cute button noses and sweet faces.…

Do NOT follow this link or you will be banned from the site!