Tuesday 28 June 2022

New Solar Energy Net-Metering Pricing Structure Starts April 7

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28 June 2022 - At The Banks - BCCR

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Solar panel harness energy of the sun. Image for illustrative purposes.
Solar panel harness energy of the sun. Image for illustrative purposes.

QCOSTARICA – Following more than a year of negotiations between the state agency, the Instituto Costarricense de Electricidad (ICE) and the private nonprofit solar energy organization Acesolar, a new net-metering pricing structure has been agreed upon — putting an end to a year long hiatus on projects intended to make use of net-metering — according to the regulating authority, the Autoridad Reguladora de Serviciso Publicos (ARESEP).

The news is particularly noteworthy because a new net-metering program for solar energy installations was previously expected to go into effect back in October 2015, but an agreement couldn’t be reached before the deadline so an extension to the negotiations was made.

It seems that an agreement has finally been made though — re-opening the country’s solar energy net-metering sector to investment.

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The new net-metering pricing structure announced by the ARESEP is set to go into effect starting on April 7, 2016 — and will see home-owners and businesses participating charged a grid-access fee of only ¢11 and ¢29 colones per kilowatt-hour (kWh) of meter movement backwards. Self consumption is free.

Considering the relatively high electricity prices for many in the country, the new net-metering pricing structure — when combined with rapidly falling solar photovoltaic (PV) module and system costs — seems likely to spur a rapid buildout there. Distributed solar energy seems likely to fast become the best choice economically in many portions of the country.

According to their website, Acesolar aims at uniting the academic institutions, industry and organizations in the area of international cooperation in order to promote the utilization and development of solar energy in Costa Rica.

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