• Costa Rica Travel Insurance
  • Costa Rica Coffee Guide

Electricity rate hikes take effect in April

April 10, 2014

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

Costa Rica coronavirus updates for Friday, August 7
Costa Rica
21816 views
Costa Rica
21816 views

Costa Rica coronavirus updates for Friday, August 7

Alejandro Zúñiga - August 7, 2020

Costa Rica announced 18 new coronavirus-related deaths over the past day for a total of 218, according to official data…

News briefs: Government promises to adjust pandemic restrictions
Costa Rica
20763 views
Costa Rica
20763 views

News briefs: Government promises to adjust pandemic restrictions

Alejandro Zúñiga - August 7, 2020

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

ECLAC projects 23% drop in exports in Latin America and the Caribbean due to pandemic
Latin America
1244 views
Latin America
1244 views

ECLAC projects 23% drop in exports in Latin America and the Caribbean due to pandemic

AFP - August 7, 2020

International trade in Latin America and the Caribbean could fall 23% in 2020 due to the impact of the coronavirus…