CEO of ICE: 'Improving electricity rates should be general for all'

Decrease in prices would result in increased business for residential users

October 9,2013

Executive President of the Costa Rican Electricity Institute (ICE), Teofilo de la Torre, said that electricity rates should suffer alike improvements that impact all sectors of the population.

The head of ICE statements given after last week the Costa Rican Association of Large Energy Consumers (Acograce) request ARESEP a reduction in the cost of electricity to the business sector.

Acograce calls decreased from 10.7% and 38.6% that would benefit some 1,000 companies in the country and, in the end, would result in an increase for residential, general and preferential.

"We believe that improving the rates should be general for all people. We must make every effort to control costs that are controllable by ICE," Tower said during an interview with 90.7 FM DNA.

De la Torre said that rates should be stabilized at horizontal and in the coming years will fall as operations begin renewable plants.

"There are specific presidential directives in that direction.'re Renegotiating a number of debts with better payment profiles and special observation given that the fee structures are not well dimensioned between consumers of medium and low voltage," said Teofilo de la Torre.

Executive President, Teofilo de la Torre, confirmed that have been named two new position in the Department of Finance and ICE Electricity

The chief said that even if there are sectors who claim that Costa Rica has the highest electricity prices in the region, "I can show other statistics that say otherwise."

According to de la Torre electricity prices in the country are more favorable than the rates in Central America and countries such as Chile, El Salvador and the Dominican Republic have higher prices for the same service.

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