ICE electricity rates will increase in January

The same price that was effective last quarter would apply

October 08th,2014.

Electricity tariffs for subscribers ICE would rise in January, and would just as they were last quarter, according to estimates by the entity.

That means the kilowatt hour (kWh) paid by an average household consumption (200 kWh per month) would increase from 88 ¢ to 91 ¢.

The Instituto Costarricense de Electricidad (ICE) revealed in a press conference this morning, he plans to request an increase ARESEP for ordinary rate of 13.2%, which, if approved, would apply from January 2015.

However, Carlos Obregon, chief executive of ICE, said that at the same time lower the amount of purchased fuels, which he is recognized each quarter using the methodology Variable Fuel Cost (CVC).

What is the Institute seeks a kind of balance to regulate the cost impact to the end user. Thus, if the two components are added fee, customers would be charged the same bill that claimed over the past quarter.

Private participation plays an important role in this estimation: Francisco Garro, Director of Financial Planning Institute, explained that private generation for 2015 will rise by 40% from this year, which will contribute to a lower temperature participation by the same percentage.

To guarantee the rate stability during 2015, ICE will request the Board of the Regulatory Authority for Public Services (ARESEP) to distribute the increase of 13.2% over the year. The Institute ARESEP processed before, last July, a similar request cost sharing provided lower the impact to the final rate. Then, the regulatory body approved it.

Source:'La Nacion'