Regulatory Authority approves reduction in electricity rates

March 19, 2015
4 Comments

The Public Services Regulatory Authority (ARESEP) approved reductions in electricity rates ranging from 7 to 15 percent starting April 1. The new rates will remain in place at least until June.

Lower rates will benefit some 1.5 million industrial, commercial and residential customers covered by eight utility companies.

In approving the rates, ARESEP took into consideration a substancial reduction in thermal generation costs, plus recent drops in prices recorded in the international fuel market.

Use of fossil fuels to generate electricity significantly dropped during November-January, allowing companies to lower production costs, the Regulatory Authority reported.

The reduction in tariffs will vary according to the utility company. Customers of the Public Services Company of Heredia will benefit most: their rates will decrease by 15 percent.

On the flip side, residents in the northern region, served by Coopelesca, will only see an 8 percent decrease in their monthly rates.

You may be interested

Christiana Figueres: ‘Costa Rica is in danger of losing what it’s gained’
Elections 2018
83 views
Elections 2018
83 views

Christiana Figueres: ‘Costa Rica is in danger of losing what it’s gained’

Elizabeth Lang - February 20, 2018

One of the most prominent Costa Ricans on the international stage released a statement on Costa Rica's ongoing election process.…

Prison sentence for abortion in El Salvador draws attention to Central American laws
Health
205 views
Health
205 views

Prison sentence for abortion in El Salvador draws attention to Central American laws

Julia Ríos / AFP - February 19, 2018

The recent liberation of Salvadoran woman Teodora Vásquez after 11 years of prison for having an abortion has drawn increased…

5 questions for Costa Rican musician Debi Nova
Weekend Arts Spotlight
470 views
Weekend Arts Spotlight
470 views

5 questions for Costa Rican musician Debi Nova

Elizabeth Lang - February 17, 2018

Music as a way of life, a career, and a path toward achieving big dreams: that's what drives the Costa…