Saturday 12 June 2021

Electricity Rates To Increase 16% in July!

COSTA RICA NEWS – Here’s something to scratch your head at: while President Luis Guillermo Solís repeatedly petitions for lower electricity rates and is currently touring the U.S. pitching the country as a “trusted ally” for investment, the regulator of public prices, the ARESEP, is proposing a price hike of 16% in electricity rates that could impact households and business starting next month.

122075_620This, is the latest proposal by the Autoridad Reguladora de los Servicios Públicos (Aresep), for the third quarte of the year, seeking to counter the energy crisis due to the lack of rain.

The proposal is at the public consultation process, but, the timing couldn’t come at the worst possible time, just when the President is courting U.S. businesses and Costa Ricans are feeling the impact of the increase in the daily cost of living.

- Advertisement -

The amount of the increase, says the ARESEP,  will vary depending on the distributor.

Related: ARESEP Executives Voted A “Fat” Raise

For customers of the Instituto Costarricense de Electricidad (ICE) it will be 16%; customers of the Compañía Nacional de Fuerza y Luz (CNFL) – an ICE subsidiary, 15%; and,, customers of the Junta Administrativa de Servicios Eléctricos de Cartago (Jasec) and the Empresa de Servicios Públicos de Heredia (ESPH) will see an increase of 12%.

What does that mean in real terms? For a family connected to the ICE grid, for example, that consumes 200 kilowatt hours (kWh) monthly, the cost of their electric bill will go from the current ¢17.400 to ¢20.184 if the proposed increase is approved. A difference of ¢2.784 colones. Not much for a few, but economically challenging for a family on minimum income.

- Advertisement -

Juan Manuel Quesada, head of Energy at the ARESEP, explained that the lack of rain this year will force an increase in thermal generation between July and September, which comes at a much higher cost per gigawatt hour to generate in comparison to hydro (water) generation.

During the first quarter, the decline in hydro electric generation was more drastic that the same period of the last nine years.

Besides the President’s petition for lower electricity rates, Costa Rica’s industry sector is demanding lower rates to maintain competitivity.

In the words of Juan Rafael Lizano, president CNAA (Cámara Nacional de Agricultura y Agroindustria) – National Chamber of Agriculture and Agribusiness,  what the countries needs  is to produce “bien, barato y bueno” (well, cheap and good).

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

New Television Program To Promote Family Fun

Q ENTERTAINMENT - Attention families of Costa Rica! A new contest...

Nicaragua government assures that detainees violated one of the Ten Commandments

TODAY NICARAGUA – The vice president of Nicaragua and First Lady,...

MOST READ

Today’s Covid News: A slight drop in new cases and deaths is seen

QCOSTARICA - Faced with wasting a vaccine dose when people in the priority groups scheduled do not show up, and a substitute cannot be...

eHow to Become Successful in Online Casino Betting 

To become a successful gambler in the online industry, there is a lot to cover. It can be known to be a vastly different...

Daniel Ortega undertook a hunt for presidential candidates and opponents

TODAY NICARAGUA – In an unprecedented persecution, the Daniel Ortega regime detained four presidential candidates in one week, a move that is part of...

The Best Bingo Halls in Costa Rica

The small Central American country of Costa Rica is known to be one of the top locations to retire, but it is also known...

Police intervenes in the Rincón Grande de Pavas school due to overcrowding

HQ - The Fuerza Publica (National Pollice) intervened an agglomeration of people on the outskirts of the Rincón Grande de Pavas school during the...

5.7 Quake jolts Costa Rica

2021-06-10 17:27:0.5, Magnitude: 5.76, Depth 10.0 km, Epicenter: 95.5 km Southwest Malpais de Puntarenas. The jolt was felt also in the Central Valley. No reports...

COVID vaccines in the workplace: Can I ask who got their shots?

(DW) Jon works for the local government in the US state of Virginia. The 40-year-old received both his COVID shots in April. Most of...

Costa Rica receives 204,000 doses of covid-19 vaccines from AstraZeneca

QCOSTARICA - Costa Rica received this Sunday morning, June 6, the second direct shipment from AstraZeneca of vaccines against covid-19. The flight landed at 11:05...

Southwest resumes operations today at the Guanacaste Airport

QCOSTARICA - This Sunday, the Guanacaste Airport - a member of the VINCI Airports network - received the first of the daily flights from...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.