Tuesday 31 January 2023

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

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31 January 2023 - At The Banks - BCCR

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electricity-power-linesQCOSTARICA – 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.

From a statement issued by the Chamber of Industries of Costa Rica (Cámara de Industrias de 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.

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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.

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