• Costa Rica Coffee Guide

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

Surge in young migrant border arrivals poses challenge for United States
Central America
3739 views
Central America
3739 views

Surge in young migrant border arrivals poses challenge for United States

Laura BONILLA / AFP - March 6, 2021

Thousands of minors without papers are arriving at the US border with Mexico, presenting President Joe Biden with a potentially…

Six arrested in Costa Rica with 1.1 metric tons of cocaine
Costa Rica
1436 views
Costa Rica
1436 views

Six arrested in Costa Rica with 1.1 metric tons of cocaine

AFP and The Tico Times - March 6, 2021

Costa Rican authorities seized 1.1 metric tons of cocaine and detained six men — four Colombians and two Costa Ricans…

One year after first case, Costa Rica to broadcast Covid memorial
Costa Rica
1225 views
Costa Rica
1225 views

One year after first case, Costa Rica to broadcast Covid memorial

The Tico Times - March 5, 2021

Costa Rica confirmed its first coronavirus case on March 6, 2020. By the end of the month, the country had…