Electricity Rates from Holcim, Intel, Cemex and Alunasa Lowered
The Costa Rican price regulating entity (Aresep) has approved a reduction of 16% in the electricity rates of the four largest multinational companies.
Thursday, June 14, 2012
The four companies are served in a direct form via the power lines belonging to the Costa Rican Electricity Institute (ICE).
The state run electricity company has requested an increase of 5.56%; business are against it, as it heavily impacts industry costs.
The Public Services Regulatory Authority of Costa Rica has approved seven new concessions for electric power generation.
Overwhelmed by the growing impact of energy costs, large electricity consumers in Costa Rica are asking for a reduction in their electricity rates of between 10.7% and 38.6%.
Industrialists have petitioned the regulatory authority to lower electricity rates and rules in order to prevent uncontrolled spending on fuel for generation.
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