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ARESEP handles reductions until 8.5% in electricity rates

Decrease is due low in thermal generation by ICE

June 11th, 2015

The Regulatory Authority for Public Services (Aresep) filed a reduction of 14% in rates of power generation ICE, implying a decrease of 2.5% and 8.5% rates of eight electricity distributors from the country.

Thus, the rates for subscribers of the Costa Rican Electricity Institute (ICE) would fall by 8%, while the National Power and Light Company would fall by 8.5%, as the Company of Public Utilities Heredia (ESPH). Jasec, meanwhile, apply discounts of 8.3%.

The proposal involves ARESEP 2.5% cheaper for customers Coopelesca; 5.2% for Coopesantos; Coopeguanacaste 6.1% to 7.4% and for Coopealfaro.

This price change was subject to public consultation and, if approved, would apply from 1 July until September.

Why reductions? This setting is relevant to the methodology of the Variable Cost of Fuel (CVC), which depends on the fuel costs that made ​​the ICE thermal generation during the previous quarter.

In this case, the thermal reduction is reflected in lower cost of generation of ICE and therefore must result in a lowering of the energy the Institute sells to distribution companies.

Juan Manuel Quesada, mayor of Energy ARESEP said that the proposal also affected imports of cheaper energy from the Regional Electricity Market (MER), made by ICE during the study period.

"ARESEP has a tariff methodology which allows users to timely transfer the benefits resulting from reduced use of fuels for electricity generation and to ensure continuity of service," said Quesada this afternoon, by a press release.

Source: 'La Nación'

 
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