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.
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%.
The Public Services Regulatory Authority of Costa Rica has approved seven new concessions for electric power generation.
Employers have indicated that the increase of 13% in rates is unjustified and instead a reduction of 8% should be applied, considering variations in the exchange rate and generation capacity.
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