Monday, 21 September 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

Electricity rates drop nationally between 1% and 5% expected in October

(QCOSTARICA) Starting in October, homes and businesses in Costa Rican homes...

Costa Rican man died of COVID in US while waiting to be deported

(QCOSTARICA) A Costa Rican man in the custody of U.S. Immigration...


Latin American airlines accelerate digital strategy to overcome pandemic

(Q BUSINESS) Latin American airlines are accelerating their digitization processes to reduce contact with passengers in various processes when traveling. During a forum organized by...

This is how the tax on ATM transactions would work

(QCOSTARICA) Costa Rica president Carlos Alvarado on Thursday outlined the proposed new taxes that would be imposed in order to obtain a US$2.25 billion...

Which airlines are resuming flights to Costa Rica?

(QCOSTARICA) With the opening of borders, several airlines have resumed flights, others have modified their flight schedules, while others are still not serving Costa...

Why are the number of recovered not keeping pace with new cases?

(QCOSTARICA) If we look at the numbers, we see the number of new cases daily over the 1,000 mark. And when they do, they...

U.S. recommends avoiding travel to Costa Rica due to high risk of covid-19

(QCOSTARICA) The United States Center for Disease Control (CDC) advises Americans not to travel to Costa Rica unless it is "essential travel." This, due...

Allison Bonilla case: OIJ to search ‘downstream’ in search of the young woman’s body

(QCOSTARICA) The Organismo de Investigación Judicial (OIJ) will resume the search for the body of Allison Pamela Bonilla Vásquez along the Reventazón River. The idea...

Let's Keep This Going!

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

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.