Aresep approves reductions in electricity rates

Reductions will have effect between April and June

March 19th,2015

The Regulatory Authority for Public Services approved a reduction of between 7% and 15% in electricity rates that will govern from the second quarter of this year.

Such adjustment is due to a decrease in rates of generation, whose prices are lower than those of 2013 and 2014.

The reduction in the case of subscribers Instituto Costarricense de Electricidad (ICE) is 11.7%, for the National Power and Light is 13.3%, in the Administrative Board of Cartago Electrical Services (Jasec) will be 14.02% and the Public Service Company of Heredia have a discount of 15.08%.

For Coopelesca that services in the north, the rebate is 7.91% for customers Coopeguanacaste the dismunción be 12.87% in cooperative Coopesantos rates falling 9.09% while in Coopealfaro Ruiz, the reduction is 13.29%.

As an example, ARESEP mentioned that in the case of ICE subscribers with an average consumption of 300 kWh per month would pay ¢ ¢ 35,200 to 31,800, ie 3.400 ¢ less.

According ARESEP, the downgrade reflects the thermal generation was almost nil in previous months and the reduction in the prices of fuels used to generate. The price of fuels based on the last rate-setting which came into effect on March 9 was used on this occasion.

Source: "La Nación"