Costa Rica to see electricity bill rise 15 percent
The Public Services Regulatory Authority, ARESEP, approved a 15 percent raise in electricity rates that would take effect in January.
The Costa Rican Electricity Institute (ICE) originally requested late last month a hike of more than 40 percent, citing operating costs and the need to guarantee the purchase of geothermal fuel as the main reasons.
ICE also mentioned preventing blackouts during the upcoming warm months as another reason to increase electricity rates next month.
For a family that spends about ¢25,000 (about $46) a month in electricity, the increase would amount to about ¢4,280 ($8), according to ARESEP.
About 90 percent of the energy generated comes from renewable sources, such as water, geothermal, wind and biomass, which allow the country to have more favorable prices in the energy sector compared to other Central American nations.
It is estimated that for 2009, inflation would be about 10 percent and the colón would lose 4.5 percent of its value. Those factors, ICE said, increase the cost of operations.
You may be interested
Costa Rica unemployment rate drops to 19%The Tico Times - March 4, 2021
Unemployment in Costa Rica fell to 19.1% in the moving quarter from November to January. This maintained a downward trend…
Throwback Thursday: 2006 Arenal Volcano lava flowsThe Tico Times - March 4, 2021
Arenal Volcano's July 1968 eruption destroyed three small villages, killed 87 people and wiped out 232 square kilometers of crops…
MOPT warns of higher traffic accidents as measures are easedAlejandro Zúñiga - March 4, 2021
The Public Works and Transport Ministry (MOPT) is reminding drivers to follow the rules of the road when traveling this…