• Costa Rica Coffee Guide

Regulatory agency drops electricity rates for all distributors in Costa Rica

September 29, 2014

A day after it approved rate hikes last week for the Costa Rican Electricity Institute, or ICE, the Public Services Regulatory Authority (ARESEP) on Friday approved a decrease in electricity rates for all of the country’s electricity distributors. That change will take effect on Oct. 1.

The rate change is a result of a formula ARESEP uses called the Variable Cost of Fuels. That variable takes into consideration the cost of oil purchases needed for thermal generation, and it applies to all electricity distributors in the country.

Calculations for the last quarter resulted in rate decreases by up to 6.8 percent, depending on the distributor, and followed increased rainfall that helped replenish water reserves for hydroelectric power generation.

National Power and Light Company (CNFL) customers will see the biggest rate cut at 6.8 percent. ICE customers will receive a 3.5 percent rate cut, following ARESEP’s approval last Thursday of a 3.7 percent increase for the next quarter to subsidize electricity importation. Customers of Heredia’s Public Service Company will see a 5.51 percent rate decrease, and rates from the Administrative Electricity Service of Cartago will drop by 6.51 percent.

Last Friday, ARESEP officials said in a press release that they are concerned about “ongoing increases in electricity rates in recent years.” The agency said it had begun to take steps to better control rates hikes. ARESEP said it would seek to import more electricity “to replace inefficient thermal generation, whose marginal costs are higher than those of imported energy.” ARESEP also said it hoped to boost electricity exports to generate more revenue.

RecommendedDelays, excuses and gripes mark approaching deadline for distributed electricity generation in Costa Rica

You may be interested

Government to discuss pandemic response with private sector
Costa Rica
4 views
Costa Rica
4 views

Government to discuss pandemic response with private sector

The Tico Times - May 8, 2021

Government officials will discuss Costa Rica's pandemic response with representatives of other sectors, in context of new records in hospitalizations…

Costa Rica ends work week with new high in Covid hospitalizations
Costa Rica
43 views
Costa Rica
43 views

Costa Rica ends work week with new high in Covid hospitalizations

The Tico Times - May 8, 2021

There are 1,175 people in Costa Rica hospitalized with Covid-19, a new record, the Health Ministry said in its Friday…

Authorities search for hiker missing in Chirripó NP
Costa Rica
9 views
Costa Rica
9 views

Authorities search for hiker missing in Chirripó NP

Alejandro Zúñiga - May 7, 2021

Update: Authorities located the hiker’s body on Saturday morning. Read more via La Nación. **** Costa Rican authorities are searching for…