New Electricity Rates To Delight Consumers

August 28, 2009

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 for the remainder of this 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 Administrative Electricity Service of Cartago (JASEC), the Public Services Company of Heredia (ESPH) and electricity cooperatives, 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” less 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.”

–Adam Williams

 

Company

Percentage of Reduction

ICE

7,4%

CNFL

6,9%

ESPH

7,4%

JASEC

7,2%

COOPELESCA

6,0%

COOPEGUANACASTE

6,4%

COOPEALFARO RUIZ

8,2%

COOPESANTOS

7,9%

 

Amount paid in colones by residence consuming 250 kilowatt-hours per month

Company

Current cost

Discounted cost

Difference

ICE

CNFL

JASEC

ESPH

COOPEGUANACASTE

COOPELESCA

COOPESANTOS

COOPEALFARORUIZ

17,700

15,750

14,450

13,550

16,550

14,650

17,350

16,900

16,500

14,650

13,400

12,500

15,450

13,850

15,950

15,550

1,200

1,100

1,050

1,050

1,050

800

1,400

1,350

(Source: ARESEP)

 

 

 

 

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