Cost of Electricity in Costa Rica: It Never Rains But it Pours

Industrialists have pointed to the fallacy of a report issued by the state power company detailing how their rates have dropped in the last year, and to which it was added that the next increase has already been scheduled for March.

Tuesday, February 24, 2015

From a statement issued by the Chamber of Industries of Costa Rica (ICRC):

The Chamber of Industries of Costa Rica has expressed concern about the information provided by the Instituto Costarricense de Electricidad over the weekend, about how the "Electricity rates fell by 9%" when in reality in March 2015 consumers will have to pay 12.5% ​​more for electricity than they did a year ago or 9.8% on top of what they paid in February 2015.

Enrique Egloff, President of the ICRC explained that the details provided by the Instituto Costarricense de Electricidad are incomplete for the purpose of discovering the real situation regarding electricity tariffs, according to the spaces paid by the ICE in different media in which it notes that electricity rates fell by 9% in July 2014 to January 2015.

The truth is that electricity prices will rise again from March 1, 2015.

More on this topic

Costa Rica: Another Increase in Electricity Tariffs

March 2017

The industrial union is opposed to the 13% increase in generation and 8% for customers of the state run electricity company, ICE, which will apply from April 1.

"... The Regulatory Authority for Public Services (Aresep) has revoked a 6.7% reduction in electricity rates paid by subscribers of the Costa Rican Electricity Institute (ICE). Instead, the rate will increase 8% from April 1," reported Nacion.com.

Costa Rica: Electricity Rate Rose 142% in 10 years

August 2015

Industrialists have indicated a loss of competitiveness of its industry because of the cost of electricity, which in the last ten years rose from $0.07 to $0.17 per kilowatt.

The industrial union insists that a bill aimed at reforming the law of the Regulatory Authority for Public Services (Aresep) be approved in order to achieve lower electricity prices.

Fuels As a Fiscal Tool

February 2015

In Costa Rica the cost that petroleum and its derivatives represent for the productive activities is an example of the distortions caused by the State in the prices of a vital input for the economy.

From a statement issued by the Chamber of Industries of Costa Rica (ICRC):

Costa Rica: More Hikes in Electricity Rates

September 2014

Industrialists have opposed the rate increase requested by the state power company describing it as inconsistent with the recent announcement by the government to maintain a flat fee for 18 months.

From a press release issued by the Chamber of Industries of Costa Rica (ICRC):


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