Friday 24 September 2021

ICE Promises Better Electricity Rates For Industry

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bakery Industry_QCOSTARICA – Companies in Costa Rica that consume more than 1 million KWh / month will be eligible to pay a reduced rate approved by regulatgory agency, the Autoridad Regulatoria de Servicios Publicos (ARESEP).

According to a statement by the ARESEP, the state power company, ICE’s industrial customers will have a more competitive electricity rate,  approving $0.10 for the medium voltage service (G-MTB).

This rate applies to customers whose energy consumption is greater than or equal to one million kWh / month, for at least 10 out of the last 12 months of the calendar year and who have a minimum monthly maximum power greater than or equal to 2,000 kW.

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According to the head of Energy at the ARESEP, Juan Manuel Quesada, “this reduction is consistent with the provisions of the Seventh National Energy Plan 2015-2030, which foresees a series of actions aimed at establishing competitive rates, including the decision to allocate resources collected from energy exports made by the country to the Regional Electricity Market (MER) for this purpose.”

In mid-December, citing stable fuel prices, the ARESEP rejected an increase by ICE, instead approving a 6.7% cute starting this month.

Source: Centralamericandata.com, Aresep

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