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.