No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCosta Rica to drop electricity rates next month

Costa Rica to drop electricity rates next month

The Public Services Regulatory Authority (ARESEP) has ordered the Costa Rican Electricity Institute (ICE) to lower the cost of electricity, a move slated to enter into force Sept. 1 and continue throughout the remainder of the year.

The new rates will translate into a savings of a little more than 7 percent for consumers and will benefit consumers of all electricity providers, including ICE, the National Power and Light Company (CNFL), the cooperativas, the Administrative Electricity Service of Cartago (JASEC) and the Public Services Company of Heredia (ESPH), according to an ARESEP statement issued last week.

Regulator General Fernando Herrero stressed that the price adjustment is necessary to ensure that nationwide electrical service is properly regulated.

“Our responsibility as regulators is to assure all Costa Ricans that the prices will be adjusted up or down, depending on the movement of the costs,” Herrero said in a statement Thursday. “We are not here only to raise (rates).”

Herrero also explained that the implementation of the discount was in response to “considerably” lower demand in 2009 for diesel fuel needed to generate electricity. As the cost to generate electricity fell, Herrero said, offering a discounted rate is “fair to consumers.”

Trending Now

El Salvador at Center of Controversial U.S.-Venezuela Detainee Exchange

Salvadoran President Nayib Bukele received the 10 Americans exchanged on Friday between Washington and Caracas for 252 Venezuelans who had spent four months in...

Algal Bloom Detected in Costa Rica’s Gulf of Nicoya

A noticeable change in watercolor has been reported across several zones of the Gulf of Nicoya and coastal areas adjacent to the Nicoya Peninsula....

Rural Costa Rica Adopts Ecosystem-Based Approach to Climate Resilience

As climate change intensifies, rural communities across Costa Rica are taking concrete steps to reduce risks and adapt to increasing climate pressures. With support...

Exiled NGO Slams Bukele’s Rule as Repeat of Authoritarian Past

Salvadorans deserve “something better” than living between “gangs or dictatorship,” said Noah Bullock, director of the influential NGO Cristosal, in an interview. On Thursday,...

Costa Rica Overturns Management Plan for Gandoca-Manzanillo Refuge

Costa Rica’s Constitutional Court has ruled that the General Management Plan for the Gandoca-Manzanillo Mixed Wildlife Refuge is unconstitutional. The decision annuls both the...

Flying Around Costa Rica is Easier Than Ever Thanks to Sansa Airlines

The airline recently added two new aircraft to its fleet, bringing their total to twelve. That increase allows SANSA to boost service to smaller...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica