Costa Rica Coffee Guide

Costa Rica regulatory agency approves reduction in electricity rates

April 10, 2014

Costa Rica’s rainy season finally has brought some good news for Ticos as electricity rates are set to decrease on Oct. 1, thanks to intense rains that have helped replenish water reserves.

The Public Services Regulatory Authority (ARESEP) approved price reductions ranging from 7.2-19.4 percent for the last quarter of 2013.

The decrease was calculated using a Variable Fuel Cost formula that takes into account the projected cost of fuel used for electricity generation at thermal power plants owned by the Costa Rican Electricity Institute, or ICE.

The most intense months of the rainy season, September to October, have helped replenish water reserves that are used in hydroelectric power generation. ARESEP proposed the rate decrease earlier this month.

The new rates will apply through Dec. 31, when the regulatory agency will again evaluate electricity generation costs to set new rates for the following three months.

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).

Discounts are as follows:

ICE: -13,64%

CNFL: -19,48%

JASEC: -14,08%

ESPH: -18,42%

COOPELESCA: -7,23%

COOPEGUANACASTE: -15,79%

COOPESANTOS: -9,41%

COOPEALFARO RUIZ: -16%

You may be interested

Costa Rica announces new restrictions to limit mobility in Greater Metropolitan Area
Costa Rica
4820 views
Costa Rica
4820 views

Costa Rica announces new restrictions to limit mobility in Greater Metropolitan Area

Alejandro Zúñiga - July 10, 2020

Costa Rican authorities on Friday announced a series of health measures to limit mobility in the Greater Metropolitan Area, which…

Costa Rica coronavirus data for July 10, 2020
Costa Rica
21285 views
Costa Rica
21285 views

Costa Rica coronavirus data for July 10, 2020

Alejandro Zúñiga - July 10, 2020

Costa Rica confirmed 360 new cases of the coronavirus over the past day, totaling 6,845 cumulative known cases, the Health…

News briefs: WHO says Costa Rica facing community transmission of coronavirus
Costa Rica
4750 views
Costa Rica
4750 views

News briefs: WHO says Costa Rica facing community transmission of coronavirus

The Tico Times - July 10, 2020

The coronavirus crisis has transformed life in Costa Rica, which has enacted measures to protect the capacity of its health…