Tuesday 3 August 2021

ARESEP Proposes Rates for Solar Energy in Costa Rica

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Alternative energy in Costa Rica. Photo  Dottarchitecture.com
Alternative energy in Costa Rica. Photo Dottarchitecture.com

QCOSTARICA – The tariff proposal by the public services regulating authority (Autoridad Reguladora de Servicios Publico – ARESEP), for large-scale solar power generation establishes that plants of more than 1 MW can sell each Kw / h between US$0.0751 (low) and US$0.1794 (high).

From a statement issued by the (ARESEP):

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ARESEP proposes rates to promote solar generation

The Regulatory Authority for Public Services (ARESEP) has proposed a price band for new companies that produce electricity on a large scale using solar power (photovoltaic), up to 20 MW.

The Municipality of Energy at ARESEP proposes a minimum rate (floor) of $0.0751 kWh and maximum (ceiling) of $0.1794 per kWh; in order to encourage this type of energy which takes advantage of renewable sources.

The proposed rates must go through the public hearing that will take place on June 8, at 5:15 pm before approval.
The rates, when finally adopted, apply to all new solar photovoltaic plants with capacities equal to or less than 20 MW, in accordance with the provisions of Ley 7200, which regulates the trade of electricity between the state power utility, the Instituto Costarricense de Electricidad (ICE) and private generators.

The proposal will allow private bidders to obtain sufficient revenue to cover their operating costs, to recover the investment and a reasonable return for the level of risk associated with the generation of electricity.

The rates will be reviewed yearly, on the first working day of February each year.

“With the promotion of private solar power generation, we are creating conditions to move decisively in the diversification of the energy matrix, betting as a country again for renewable energy as a means to ensure sustainability of the national electricity system” said Juan Manuel Quesada, Intendente de Energía (Head of Energy at the ARESEP).

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