Wednesday 23 June 2021

ICE Wants To Pass On Blunder To Consumers

COSTA RICA NEWS – The Instituto Costarricence de Electricidad (ICE), the state electrica energy monopoly, would like to pass on a little error — only ¢10 billion or so colones worth — to consumers. The monster bill was given to ICE by the state refinery, the Refinadora Costarricense de Petroleo SA (RECOPE)  for a special low-sulphur diesel for its Garabito petroleum-fired generator.

ice-1But right now, it has not been decided whether ICE or RECOPE will wind up paying the bill. That will be decided by the public utility rate watchdog agency, the ARESEP. Whatever the decision, consumers are going to pay through the nose for this royal bureaucratic foul-up.

Mayid Brenes, one of the directors at RECOPE, confessed to La Nacion that the decision is a toss up. “We’ve had meetings to parse the numbers to arrive at a joint proposal for ARESEP because we both (RECOPE and ICE) have regulated prices,” Brenes said.

- Advertisement -

But the situation promises to get ugly since last May when Luis Pacheco took over at ICE as manager and submitted to the court a collection suit for the money. Known as “gourmet bunker,” the fuel for the Garabito generators is recommended by technicians for its cleaner burning.

Generation using fossil fuels is vastly more expensive than environmentally friendlier fuels but the two agencies worked out an agreement on price in 2011. ICE agreed to pay the higher cost of the special importation of the fuel. But then ARESEP established a new cost in July 2013.

But when Recope decided to bill ICE retroactively back to 2010, ICE balked. Luis Carlos Solera of Recope explains that the more expensive bunker (oil fuel for the generators) was both to ensure electrical service for the nation. Not surprisingly, ICE always uses the same argument when they trip over their shoe laces.

But don’t worry — you, the consumer, will wind up paying, either at the light switch or the gas pump.

- Advertisement -

Article by iNews.co.cr, reposted with permission

- 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

Today’s Covid News: Average daily deaths from Covid-19 begins to decline

QCOSTARICA - The week of June 13 to 19 registered a...

Flight paralysis from Canada hits Costa Rica’s tourism

QCOSTARICA - The paralysis of flights from Canada last January hit...

MOST READ

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

Flight paralysis from Canada hits Costa Rica’s tourism

QCOSTARICA - The paralysis of flights from Canada last January hit Costa Rica's tourism sector, as Canada was the second source market for tourists...

Companies covered up defective asphalt

QCOSTARICA - The judicial file of the Cochinilla Case, on alleged corruption in road works, exposes how three companies would have covered up the...

Today’s Vehicle Restriction June 22: plates ending in 3 & 4 CANNOT circulate

Today, Tuesday, June 22, plates ending in 3 & 4 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Construction companies that paid alleged bribes would be disqualified for ten years

QCOSTARICA - If it is proven in a final judgment that they did pay bribes to Conavi officials, several companies could be disqualified from...

First five months of the year reflect recovery of Costa Rican exports

QCOSTARICA - The value of Costa Rica exports increased by 23% in the first five months of the year, being the highest growth in...

Will that be Cash or Sinpe Móvil?

QCOSTARICA - Sinpe Móvil is easy to use. From your phone, you can send money to friends, family and pay for things. Or receive...

Tico tried to enter via San Jose airport with ¢93 million in cash

QCOSTARICA - A Costa Rican tried to enter the country through the Juan Santamaría International - San Jose Airport - with US$153,244 (the equivalent...

Carlos Alvarado: “Don Rodolfo has my confidence”

QCOSTARICA - President Carlos Alvarado said he has all the confidence in his Minister of Public Works and Transport (MOPT, Rodolfo Méndez Mata, and...

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.