ICE requests increase in electricity

July 30th,2014

The Instituto Costarricense de Electricidad (ICE) filed a request for an increase of 3.3% in electricity tariff, which remains concerned about the ARESEP, it is not consistent with the policy outlined by the government, in terms of maintaining stability in electricity rates over the next 18 months.

However, the ICE justifies its request on the need to cover the costs of electricity imports, which was necessary due to weather conditions that caused a longer summer and less amount of rainfall recorded historically.

This option, import the regional energy market is preferable to produce thermal energy plants in the country. Only for the month of May, the country avoided about $ 7 million in additional use of fossil fuels.

Under the law, the Regulatory Authority shall submit to the public discussion of the proposal at a public hearing ICE.

The last time I went to the ICE ARESEP for a rate increase, it was rejected after failing with technical information required for the study.

Source: ARESEP Web Site