In the ongoing process to provide all electricity consumers in Costa Rica the ability to generate energy from small-scale renewable sources and exchange it on the national grid for kilowatt credits, the Public Services Regulatory Authority (ARESEP) on Oct. 2 approved a methodology proposal for how to calculate rates at which those credits will be issued.
A day after it approved rate hikes last week for the Costa Rican Electricity Institute, or ICE, the Public Services Regulatory Authority on Friday approved a decrease in electricity rates for all of the country’s electricity distributors. That change will take effect on Oct. 1.
Despite Costa Rica’s talk of its commitment to promoting consumer-based renewable energy sources to produce electricity, the country is lagging in its efforts. One setback involves the country’s electricity distributors, who some say are dragging their feet on requirements to offer customers the option of connecting to the national grid with small-scale electricity generation projects from renewable sources.
The Public Services Regulatory Authority (ARESEP) approved a 3.7 percent increase in electricity rates requested by the Costa Rica Electricity Institute (ICE). The new rate was published in the government's official newspaper La Gaceta on Thursday.
The Costa Rican Chamber of Industries on Thursday blasted a new 3.7 percent increase in electricity rates requested by the Costa Rican Electricity Institute (ICE). Chamber leaders urged the Public Services Regulatory Authority to reject the request, noting that ICE in July promised to cut spending and stabilize its finances in order to prevent electricity rate hikes for the next year and a half.
A change in the dollar exchange rate has prompted the Public Services Regulatory Authority to approve a decrease in per-liter prices of Costa Rican fuel. But don't celebrate just yet – fuel prices are going back up next month.
Although the National Meteorological Institute (IMN) confirmed a drop in rainfall levels for the current rainy season, the Costa Rica Electricity Institute (ICE) has ruled out power outages later this year.
Although President Luis Guillermo Solís had promised not to use Ticos' euphoria over Costa Rica’s performance at the World Cup to promote increases in public utility rates, a 5.38 percent hike in electricity went into effect last Tuesday.
The Public Services Regulatory Authority (ARESEP) sent President Luis Guillermo Solís two proposals for lowering record-high fuel prices: 1) Eliminate fuel taxes and 2) Reduce spending at the National Oil Refinery (RECOPE).
