Electricity rates will decrease from 2% to 6,9% in October

September 26th,2014.

From October power rates have discounts between 2.07% and and 6.9% according to the distribution company.

The Regulatory Authority for Public Services announced this afternoon the appropriate settings after applying the methodology of Variable Cost of Fuels.

This variable recognizes expenses for purchase of oil needed for thermal generation and applies to all distribution companies in the country. If lower fuel, electricity prices low and vice versa.

Users will have a decrease in their electric rates to be applied during the last quarter. According ARESEP, the estimated fuel for the months of October to December 2014 will be spending ¢ 7.487 million.

Most subscribers lowers the experience of the National Power and Light Company (CNFL) who receive a rebate of 6.8% on their bills next month.

However, customers of the Instituto Costarricense de Electricidad only receive a low of 3.5%, because this week ARESEP approved an increase to the distributor to recognize the costs of energy imports.

"For ICE subscribers, the cost per kilowatt hour (kWh) for the first 200 kWh, 91 ¢ will go to 88 ¢. For the National Power and Light will lower the price of 75 ¢ to 69 ¢ kWh and the Public Service Company of Heredia ¢ 74 to ¢ 69 per kWh "exemplified ARESEP.

Users of the Public Service Company of Heredia will have a reduction of 5.51%, while those of the Management Board of Electrical Services of Carthage (Jasec) will pay 6.51% less per kWh.

For subscribers Coopelesca be decreased from 2.07%, to the company Coopesantos adjustment is 6.34% and 6.26% Coopeguanacaste pay less.

In a press release ARESEP expressed concern about "the increase in electricity rates in recent years." For this reason, the Authority ensures that already took action to keep prices.

Among them, stimulate imports of electricity, "to replace inefficient thermal generation plants whose marginal cost is higher imported energy." Furthermore, "stimulate exports surplus mean additional revenue to cover the costs of electricity."

Source: 'La Nación'