No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessRegulatory Authority approves lower electricity rates starting October

Regulatory Authority approves lower electricity rates starting October

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.

Trending Now

Costa Rica Identified as Key Maritime Route for Cocaine Trafficking

Costa Rica appears among the main maritime and aerial routes for cocaine trafficking between South and North America, according to the World Drug Report 2025 published...

Costa Rica and Panama Seek Gold Cup Glory Against North American Giants

With no Caribbean teams advancing, a Central American contingent made up of Panama, Costa Rica, Honduras, and Guatemala heads into the quarterfinals of the...

Costa Rica’s Eyelash Viper Snake Is One of the Most Beautiful

There are at least 141 different species of snakes in Costa Rica. With that large number of species packed into such a tiny nation,...

Costa Rica Pushes USA to the Brink but Falls in Penalty Heartbreak

If you just caught the end of the USA vs. Costa Rica Gold Cup quarterfinal, you probably feel like you need another cup of...

Honduras Seizes $2 Million, Gold-Plated Pistols in Drug Raid

Honduran authorities struck a blow against drug cartels, seizing over $2 million in cash, war rifles, and flashy gold-plated pistols in Copán, a northwest...

Guatemala Offers Asylum to Nicaraguan Migrants Deported by U.S.

Guatemalan President Bernardo Arévalo announced on Friday that his country will grant asylum to Nicaraguan migrants deported by the United States who do not...
L. Arias
L. Arias
Reporter | The Tico Times |
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica