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).

On the other hand, an increase of 0.76% requested by the ICE on the rate for low-voltage users (businesses, homes, etc) was not authorised. The ICE requested the reduction along with the application of an increase as a way to balance its finances. "However, Aresep rejected the increase taking the view that there can be no 'subsidies'. Instead it has created a new medium voltage system for those who maintain a stable consumption 24 hours a day, seven days a week", reported Nacion.com

ICE managers say that they will challenge the decision.

More on this topic

Further Increase in Electricity Rates in Costa Rica

October 2013

The state run electricity company has requested an increase of 5.56%; business are against it, as it heavily impacts industry costs.

There is a procedure requested by the Chamber of Industries of Costa Rica to reduce rates by 11% for all power distribution companies, among which is the state run entity.

Reduced Electricity Bills for Large Consumers

October 2013

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%.

From a press release by the Regulatory Authority for Public Services (Aresep):

The Costa Rican Association of Large Energy Consumers (ACOGRACE) has requested a rebate for electricity rates in the business sector.

New Concessions and Energy Rates

June 2012

The Public Services Regulatory Authority of Costa Rica has approved seven new concessions for electric power generation.

A statement from the Public Services Regulatory Authority (ARESEP) reads:

Seven new electric generators in first half of year

• ARESEP authorizes concessions and sets rates

Costa Rica: Strong Opposition to Electricity Rates Increase

December 2014

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.

From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

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