Electricity rate hikes take effect in April

April 10, 2014
2 Comments

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.

Facebook Comments

You may be interested

Slothy Sunday: Saving sloths in Costa Rica
Sloth Sundays
170 views
Sloth Sundays
170 views

Slothy Sunday: Saving sloths in Costa Rica

The Tico Times - February 17, 2019

Kids Saving the Rainforest is a wildlife rescue center that has rescued about 3,000 animals. The organization has planted thousands…

United States sending Costa Rica $40.7 million to fight narcotrafficking and crime
Costa Rica
1575 views
Costa Rica
1575 views

United States sending Costa Rica $40.7 million to fight narcotrafficking and crime

Alejandro Zúñiga - February 17, 2019

The United States is expected to send more than $40 million to Costa Rica to help the country fight narcotrafficking…

Costa Rica demands Maduro-accredited diplomats leave country
Costa Rica
735 views
Costa Rica
735 views

Costa Rica demands Maduro-accredited diplomats leave country

AFP and The Tico Times - February 16, 2019

The Costa Rican government demanded three Venezuelan diplomats accredited by President Nicolás Maduro leave the country within 60 calendar days,…