• Costa Rica Coffee Guide

Regulatory agency requests reduction in Costa Rica electricity rates

April 10, 2014

Costa Rica’s Public Services Regulatory Authority (ARESEP) on Monday proposed a decrease in monthly electricity rates ranging from 5.9-16.6 percent.

The request was filed after calculating the projected cost of electricity generation with fuel through the end of the year.

Every three months the agency sets rates using a calculation that takes into account the cost of purchasing oil for thermal plants, among other factors.

In the first few months of this year Costa Rica spent ₡62 billion ($125 million) on oil for thermal electricity generation. That figure nearly doubled ARESEP’s initial projections for that period, which were forecast at ₡36 billion ($71 million).

Now that Costa Rica’s rainy season has entered the most intense months (September-October), the agency believes less fuel will be needed for generating electricity. 

ARESEP will receive public feedback on the proposal through Sept. 17. If approved, the new rates would apply on Oct. 1.

You may be interested

Costa Rica to vaccinate entire adult population against Covid-19
Costa Rica
16213 views
Costa Rica
16213 views

Costa Rica to vaccinate entire adult population against Covid-19

Alejandro Zúñiga - January 25, 2021

Costa Rica plans to vaccinate its entire adult population against the coronavirus and has signed a budget to accomplish that…

KLM says it will continue long-haul flights, but rebook passengers
Costa Rica
2573 views
Costa Rica
2573 views

KLM says it will continue long-haul flights, but rebook passengers

Alejandro Zúñiga - January 25, 2021

After initially saying that it would suspend all long-haul flights, KLM announced it has established coronavirus protocols that will allow…

U.S. to reinstate Covid travel bans: White House official
Costa Rica
2717 views
Costa Rica
2717 views

U.S. to reinstate Covid travel bans: White House official

The Tico Times - January 25, 2021

President Joe Biden will re-impose a Covid-19 travel ban on most non-US citizens who have been in Britain, Brazil, Ireland and…