• Costa Rica Real Estate

Regulatory Authority approves lower electricity rates starting October

September 18, 2015

The Public Services Regulatory Authority (ARESEP) approved a drop in electricity rates for all generation and distribution companies that will take effect the last quarter of this year. Depending on the utility company, rates will decrease by 1.15 to 3.82 percent starting on Oct. 1.

That applies to electricity rates from the country’s eight power distribution companies and corresponds to ARESEP’s most recent calculation of variations in fuel prices conducted last week.

Annual projections in December 2014 showed that the country during the last quarter of 2015 would be required to spend ₡2 billion ($3.8 million) in fuel for thermal generation.

“The current estimates are that generators will not be required to use any of the thermal plants over the next three months, therefore, the purchase of fuel for that period will cost zero colones,” ARESEP reported.

The Costa Rican Electricity Institute supported ARESEP’s evaluation and reported that according to their latest projections, reservoir levels at hydroelectric plants will remain stable for the last quarter.

ARESEP also stated that the launching of new generation projects and opportunities to buy imported energy at lower prices in the regional electricity market also favored lower rates.

The complete list of approved decreases by company can be found on ARESEP’s website.

You may be interested

Pic of the Day: Sunset on Playa Hermosa, Guanacaste
Pic of the Day
69 views
Pic of the Day
69 views

Pic of the Day: Sunset on Playa Hermosa, Guanacaste

The Tico Times - December 12, 2019

December in Costa Rica marks the beginning of the dry season and many clear-sky sunsets like this one. Guanacaste also…

‘Nature is our life insurance,’ says Costa Rica’s Minister of Environment
Climate Change
256 views
Climate Change
256 views

‘Nature is our life insurance,’ says Costa Rica’s Minister of Environment

Anna Pelegri / AFP - December 12, 2019

Nature can contribute 30% of the solutions in the fight against global warming, says the Minister of Environment of Costa…

Pic of the Day: A red-eyed tree frog in Bijagua, Costa Rica
Pic of the Day
441 views
Pic of the Day
441 views

Pic of the Day: A red-eyed tree frog in Bijagua, Costa Rica

The Tico Times - December 11, 2019

Hoppy Wednesday, everyone! The red-eyed tree frog has become a Costa Rican icon as a result of its ubiquity and…

Do NOT follow this link or you will be banned from the site!