No electricity rate hikes, despite ICE request
Electricity rates will stay flat for at least two more months after the Public Services Regulatory Authority (ARESEP) rejected a Costa Rican Electricity Institute (ICE) request to increase rates by 2.3 percent starting July.
In a public statement the regulatory agency explained that ICE failed to submit mandatory information requested by ARESEP’s Energy Administration.
Among other details, ICE failed to provide justification for the proposed rate hikes and failed to specify how they would apply to residential customers and special clients, including schools, welfare centers and churches.
ARESEP said it also rejected ICE’s request to reduce by 9.5 percent the rate for “low-voltage customers,” a small group of industrial sector customers.
The regulatory agency also dismissed a similar rate reduction request for low-voltage customers filed by the National Power and Light Company (CNFL).
The last change in Costa Rica’s electricity rates came in March when ARESEP approved reductions ranging from 7 to 15 percent starting April 1.
The lower rates benefit some 1.5 million industrial, commercial and residential customers covered by eight utility companies.
On Wednesday evening ICE said it would appeal ARESEP’s ruling no later than May 15.
You may be interested
5 questions for Costa Rican artist Karen ClacharElizabeth Lang - June 17, 2018
Costa Rican artist and publicist Karen Clachar has been merging communication and art throughout the past 20 years – an…
Serbia defeats Costa Rica 1-0 at the 2018 World CupKatherine Stanley - June 17, 2018
The early-morning Father's Day gift many Ticos had been hoping for did not materialize this morning: despite a wide-open first…
Costa Rican artist Elizabeth Argüello designed a Google doodle for SundayThe Tico Times - June 17, 2018
The Costa Rican artist and muralist Elizabeth Argüello designed the Google doodle (logo) for Sunday's World Cup match against Serbia, the…