Electric rates will increase in January

December 10th, 2013 (InsideCostaRica.com) The new year will kick off with an increase in electricity rates after the Regulatory Authority for Public Services (ARESEP) gave its go-ahead to a rate hike for the first quarter of next year.

 

On average, rates will increase by about 5%, depending on the provider (see table below).  ARESEP said it approved the measure because of variations in fuel costs used in some generation.

 

ARESEP is also holding a Friday public hearing to address an additional proposal to lower rates for large commercial consumers by 30%, while increasing rates for residential consumers by 11%.  A decision on that issue will be made before the end of the month.

 

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