Electricity rate hikes take effect in April
Electricity rates will increase by between 6.87 percent and 9.81 percent, depending on the service provider, starting next month, the Public Services Regulatory Authority (ARESEP) said on Friday.
The agency approved the hikes after taking into account an increase in thermal-generated electricity prompted by harsh conditions during the dry season.
A lack of rainfall last year forced companies to generate electricity using fuel to meet a shortfall in energy generated by hydroelectric plants.
ARESEP’s Energy Superintendency said the state-owned Costa Rican Electricity Institute (ICE) likely would have to import energy from other Central American countries in order to meet local demand at a lower cost.
That means the increase on ICE bills will total 6.87 percent, compared to Coopesantos customers, who will be billed the highest increase at 9.81 percent.
Other service providers and rate hikes are as follows: National Power and Light Company, 7.35 percent increase; JASEC, 8.79 percent; Public Services Company of Heredia, 8.66 percent; COOPELESCA, 5.21 percent; and COOPEGUANCASTE, 6.92 percent.
ARESEP also reported that a quarterly review concluded that the amount of thermal generation needed to meet electricity consumption for the next period is actually lower than that projected by the previous review conducted last year.
You may be interested
PeaceJam to host first Youth Summit in Costa RicaAlejandro Zúñiga - October 19, 2018
Nobel Peace Laureate Jody Williams will headline the first PeaceJam Youth Summit in Costa Rica next month. The event, scheduled…
The energy of soundAlissa Grosskopf - October 19, 2018
“Sound is vibration, vibration is energy and that energy is light,” said Costa Rican musician Carlos "Tapado" Vargas. Apart from…
Human rights defender Alvaro Leiva: ‘There is a permanent darkness in Nicaragua’Katherine Stanley - October 19, 2018
When Alvaro Leiva took the stage at a recent fundraiser for Nicaraguan refugees and immigrants in Costa Rica, all eyes…