Sunday, 24 May 2020

“New normality”, electricity rates surge awaits in July

(QCOSTARICA) Just as we expect to resume activities under the so-called “new normal” due to the COVID-19 pandemic and when the country’s productive and industrial sectors beg for a stimulus to recover from the crisis, a new announcement of an increase in electricity rates looms.

The increases will be between 1.10% and 2.57%, and will be in effect between July and next September, just in the months when people’s lives are expected to resume a path of greater stability in their finances.

The increases correspond to the compensation that the subscribers of the electric service must make to the Instituto Costarricense de Electricidad (ICE) for using fuels to generate electricity during the summer, as well as for resorting to energy imports during that period. It is called Variable Generation Cost, or CVG factor (Costo Variable de Generación in Spanish).

- paying the bills -

This was a cost that users had to pay for the second quarter, but due to the emergency it was decided to postpone its validity for the third quarter, at the request of  ICE and the Ministry of Environment as the governing body of the sector.

Just at time when other payments kick back in, for example, the moratorium on VAT and income tax will have expired, and utilities will have ended the benefit of not applying service cuts due to the crisis.

The management of delaying the increase until the third quarter is the only one carried out so far and at the moment there are no new intentions to establish a new postponement of the new rates.


- paying the bills -
- paying the bills -
"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 regulation would reduce obstacles to generate electricity with solar energy in houses and companies

(QCOSTARICA) Data from the Costa Rican Chamber of Distributed Generation (Cámara...

ICE will install 28 fast chargers for electric cars

The Instituto Costarricense de Electricidad (ICE) confirmed that, despite the COVID-19...


Decree reduces price of jet fuel in order to encourage tourism

The price in Costa Rica of jet fuel will be reduced by eliminating the subsidies on liquefied petroleum gas (LPG), bunker, asphalt and asphalt...

Let’s Say There’s a Covid-19 Vaccine—Who Gets It First?

The race to find a vaccine against Covid-19 is well underway. It has to be—without one, the Before Time is never coming back. More...

More than 61 countries around the world set their sights on Costa Rica for the successful return of national soccer

(QCOSTARICA) More than 61 countries around the world set their sights on Costa Rica after the successful return of professional first division soccer (fútbol...

Salud Threatens Cyclists With Fines If Thet Don’t Social Distance

The ministry of health is requiring cyclist to maintain social distancing, saying it will fine cyclists who ride in clusters

How deadly could COVID-19 be?

It’s too early to know how deadly the disease will be, but estimates suggest that between 0.5% to 3.4% of the people who contract...

COVID-19 (Coronavirus) Survival Calculator

New Survival Rate Calculator to help you better understand the risks of existing and pre-existing conditions. This calculator estimates your risk of infection and mortality...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.