• 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.

Facebook Comments

You may be interested

Pic of the Day: Overlooking Guanacaste from Cocos Beach
Guanacaste
11 views
Guanacaste
11 views

Pic of the Day: Overlooking Guanacaste from Cocos Beach

Alejandro Zúñiga - October 14, 2019

For a good indicator of how tourism to Guanacaste has grown in recent years, one simply needs to see how…

Saprissa in shambles: ‘S’ suffers another blowout
Costa Rica
5 views
Costa Rica
5 views

Saprissa in shambles: ‘S’ suffers another blowout

AFP and The Tico Times - October 14, 2019

Deportivo Saprissa suffered another loss, falling 4-0 against C.S. Herediano in the ongoing Apertura tournament that Alajuelense leads with ease.…

US ‘medical tourists’ seek cheap health care abroad
Costa Rica
23 views
Costa Rica
23 views

US ‘medical tourists’ seek cheap health care abroad

Javier Tovar / AFP - October 14, 2019

When Veronica Merrill decided to undergo stomach surgery for weight loss, she found two options: pay $12,000 at home in…

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