Insidecostarica.com | Costa Rica Daily News and Information

Electricity Going Up 10%

The cost of electricity is going up 10% with the approval of the Autoridad Reguladora de los Servicios Públicos (Aresep) following an increase in rates by the Instituto Costarricense de Electricidad (ICE).

ICE had requested a 30% increase.

What 10% means to an average family is an increase of ¢1.800 on their monthly bill for an average consumption of 250 KWh.

The state utility said it needed the increase to finance investment, expansion of works that includes construction of hydroelectric plants.

The Aresep did not approve the increase requested by ICE, saying that ICE has sufficient funds to carry out the works.

In addition, ICE claimed costs in repairing the Cariblanco generating plant damaged last year by the Cinchona earthquake. However, the Aresep pointed out that ICE will be receiving ¢10 billion colones from the Instituto Nacional de Seguros (INS) - state insurer - on the insurance policy carried by ICE.

WHO WE ARE CONTACT US ADVERTISE WITH US

If you need more information or to provide recommendations, write to [email protected]
INSIDECOSTARICA.COM: Apdo. 2133-1000, San José, Costa Rica. Telephone: (506) 2231 3205 / (506) 8399 9642 Tax: (506) 2232 6337
External links are provided for reference purposes. Insidecostarica.com is not responsible for the content of the external sites.