ARESEP processed increase of 7% in rates by selling electricity to utilities

Increased for ICE subscribers will be 3.7%

September 02nd,2014.

The Regulatory Authority for Public Services (Aresep) is negotiating a 7.11% increase in electricity tariffs that ICE sells to other businesses and cooperatives.

According to the regulator, this setting posed by the Instituto Costarricense de Electricidad (ICE) does not directly impact consumers, for now.

In parallel, the Institute also managed a 3.7% increase for the distribution system that would affect subscribers. Such a request is pending in the regulatory body from the previous July 21 and will be discussed in open court. The change would apply in October.

ICE's petition argues the need to cover costs for energy imports made by the Regional Electricity Market in 2014, amounting to ¢ 31,524,000.

The hearing to discuss two applications of the ICE will be held on September 10 at 5:15 pm at the offices of ARESEP and through videoconferencing in the courts of Carthage, Ciudad Quesada, Heredia, Liberia, Limón, Pérez Zeledon, Puntarenas and; face and form in the Parish Hall of Bribri, located in front of the School Leader Bribrí.

Source: "La Nación"