Saturday 12 June 2021

High Cost of Electricity Led Ticos To Turn Off Their Lights

San José at night. | Photo: Panamorio
San José at night. | Photo: Panamorio

The economic times and the high cost of electricity has led to many households and industries in Costa Rica to turn off their lights, that is reducing their energy consumption.

This has resulted in a growth of only 1% in 2013, compared to 2012, in sales of megawatt hours of electricity.

- Advertisement -

The percentage is well below the 4% growth projected by the largest energy producer in the country, the State power and light company, the Instituto Costarricense de Electricidad (ICE).

Teofilo de la Torre, former executive president of ICE, said the reduced demand in electricity led to lower income and profitability for the State company.

According to the Autoridad Reguladora de los Servicios Públicos (Aresep), electricity consumption in households was 0.07% last year. For Juan Manuel Quesada, head of of energy at the ARESEP, a decrease in electricity demand may be because people consume less because of the high price signal or shrinking of the economy.

According to the industry, in 2013 electricity rates grew nearly 30%.

- Advertisement -

Historically demand for electricity at ICE grew between 4.5% and 6.5% per year. But that changed with the 2008 economic crisis. In that year, demand grew only 0.37%, falling the next year (200) to a negative 0.26%. For this year (2014), ICE is predicting a 1% growth.

Carlos Obregón, the new executive president of ICE, said “when you have less revenue you have to adapt your expenditures.”

For ICE, the decline in consumption has meant a shortage of ¢43 billion colones, compared to projected gross revenues.

Source: La Nacion

- 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: Restrictions allowed a decrease in Covid-19 and prevented hospital collapse

QCOSTARICA - A moderate decline in new cases for the third consecutive week allowed the hospital system to avoid the dreaded collapse and rapid...

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...

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...

Tourism’s path to recovery

QREPORTS - A new travel trends research paper released today by Tripadvisor®, the world's largest travel guidance platform, reveals that vaccine rollouts globally are...

Tourism sector feels in crisis despite increase in international arrivals

QCOSTARICA - Despite the improvement in tourist arrivals reported in May, with more than 72,000 visitors, both the Cámara Nacional de Turismo (Canatur) and...

Tilaran, where the wind blows

QCOSTARICA - For years, Tilarán has seen the transit of tourists heading towards Lake Arenal, the homonymous volcano and La Fortuna or towards Monteverde. At...

Today’s Vehicle Restriction: June 10, “ODDS”

Today, Thursday, June 10, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Kamala Harris begins tour in Guatemala

Q24N - Arriving in the Guatemalan capital about two hours late, after the plane in which she was traveling had to turn around due...

Figueres wins the PLN presidential nomination

QCOSTARICA - Former president, José María Figueres Olsen (1994-1998), on Sunday, became this Sunday the presidential candidate of the Partido Liberación Nacional (PLN) for...

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.