Electricity rate hikes take effect in April
Electricity rates will increase by between 6.87 percent and 9.81 percent, depending on the service provider, starting next month, the Public Services Regulatory Authority (ARESEP) said on Friday.
The agency approved the hikes after taking into account an increase in thermal-generated electricity prompted by harsh conditions during the dry season.
A lack of rainfall last year forced companies to generate electricity using fuel to meet a shortfall in energy generated by hydroelectric plants.
ARESEP’s Energy Superintendency said the state-owned Costa Rican Electricity Institute (ICE) likely would have to import energy from other Central American countries in order to meet local demand at a lower cost.
That means the increase on ICE bills will total 6.87 percent, compared to Coopesantos customers, who will be billed the highest increase at 9.81 percent.
Other service providers and rate hikes are as follows: National Power and Light Company, 7.35 percent increase; JASEC, 8.79 percent; Public Services Company of Heredia, 8.66 percent; COOPELESCA, 5.21 percent; and COOPEGUANCASTE, 6.92 percent.
ARESEP also reported that a quarterly review concluded that the amount of thermal generation needed to meet electricity consumption for the next period is actually lower than that projected by the previous review conducted last year.
You may be interested
United States and El Salvador sign immigration agreementAFP and The Tico Times - September 20, 2019
The United States and El Salvador reached an immigration agreement on Friday, the interim secretary of Homeland Security, Kevin McAleenan,…
‘I want to write my story here too,’ Navas says of PSGAFP and The Tico Times - September 20, 2019
Costa Rican goalkeeper Keylor Navas debuted in the Champions League with Paris SG on Wednesday with a 3-0 victory against…
UN names Costa Rica as ‘Champion of the Earth’ for environmental effortsAlejandro Zúñiga - September 20, 2019
The United Nations has selected Costa Rica as its 2019 Champions of the Earth award for policy leadership, the organization…