November 4th, 2013 (InsideCostaRica.com) The Costa Rican Electricity Institute (ICE) is requesting increases in electric rates as a result of what it describes as increased costs and operating expenses during the 2012-2013 period.
ICE is attempting to increase revenues for its generation systems by 8.6%, transmission systems by 13.18%, and distribution systems by 5.56% in order to recover its increased expenses over the last year, and to raise funds to further develop its systems.
The Public Ombudsman’s Office (known locally at the Defensoria de los Habitantes) opposes the rate hikes, and is asking the regulatory agency in charge, ARESEP, to consider Costa Ricans’ current economic situation and the outlook for 2014 when considering the request.
A decision will be made on the matter on November 29th.