Regulatory Authority approves lower electricity rates starting October

September 18, 2015
4 Comments

The Public Services Regulatory Authority (ARESEP) approved a drop in electricity rates for all generation and distribution companies that will take effect the last quarter of this year. Depending on the utility company, rates will decrease by 1.15 to 3.82 percent starting on Oct. 1.

That applies to electricity rates from the country’s eight power distribution companies and corresponds to ARESEP’s most recent calculation of variations in fuel prices conducted last week.

Annual projections in December 2014 showed that the country during the last quarter of 2015 would be required to spend ₡2 billion ($3.8 million) in fuel for thermal generation.

“The current estimates are that generators will not be required to use any of the thermal plants over the next three months, therefore, the purchase of fuel for that period will cost zero colones,” ARESEP reported.

The Costa Rican Electricity Institute supported ARESEP’s evaluation and reported that according to their latest projections, reservoir levels at hydroelectric plants will remain stable for the last quarter.

ARESEP also stated that the launching of new generation projects and opportunities to buy imported energy at lower prices in the regional electricity market also favored lower rates.

The complete list of approved decreases by company can be found on ARESEP’s website.

Facebook Comments

You may be interested

Reader photos: Beauty at Jacó Beach
Photos & Video
564 views
Photos & Video
564 views

Reader photos: Beauty at Jacó Beach

The Tico Times - January 19, 2019

At The Tico Times, we love great photos of Costa Rica. Share your favorite original photos with us at: alejandro@ticotimes.net.  Reader Naomi shared…

Tico Times: Letters to the Editor (Jan. 18, 2019)
Op-Ed
5375 views
Op-Ed
5375 views

Tico Times: Letters to the Editor (Jan. 18, 2019)

The Tico Times - January 19, 2019

The Tico Times is proud to be an independent, English-language news source in Costa Rica. Our readers regularly submit editorials…

Costa Rica soccer announces squad to face United States
La Sele
708 views
La Sele
708 views

Costa Rica soccer announces squad to face United States

AFP and The Tico Times - January 19, 2019

Costa Rica’s new men's national soccer team manager, Gustavo Matosas, summoned a revamped lineup without most of its best-known figures…