Shock and Awe: Electric Rates Rising

April 11, 2008

Residential electricity rates will rise an average of 11% to 41%, according to the Public Services Regulatory Authority (ARESEP).

Fernando Herrero, the regulator general, cited increased demand for electricity, a recent reduction in hydroelectric generation capacity, and the rapid rise of petroleum prices among the reasons for the higher rate of increase this year.

Residential users who consume 200 kilowatt-hours per month of electricity will see an average increase of 11% in their bills.

Users of between 200 and 300 kwh will see a 14% increase, and consumers of more than 300 kwh will be dinged with a 41% increase. Rates for factories will go up 22%.

“There is no more cheap electricity,” Herrero said.

The new rates take effect in mid-April.

 

Facebook Comments

You may be interested

The Tico Times Weekly Digest: Oct. 22, 2018
Tico Times Weekly Digest
148 views
Tico Times Weekly Digest
148 views

The Tico Times Weekly Digest: Oct. 22, 2018

Alexander Villegas - October 22, 2018

It's Monday everyone. That means it's time for another dose of The Tico Times Weekly Digest. This week's Digest is…

This week in the Peace Corps: Lessons from indigenous communities in Limón province
Changemakers
373 views
Changemakers
373 views

This week in the Peace Corps: Lessons from indigenous communities in Limón province

Crystal / Regional Peace Corps Leader - October 22, 2018

After four years with Peace Corps Costa Rica, I am reflective about living and working in indigenous communities throughout Limón…

CREAR: Enjoy, don’t destroy
Pic of the Day
580 views
Pic of the Day
580 views

CREAR: Enjoy, don’t destroy

Alissa Grosskopf - October 22, 2018

The association CREAR in Sámara, Guanacaste helps create social change by hosting art and social activities for children. They also…