Electricity rates to increase by 15%

June 13^th, 2014 (InsideCostaRica.com) The cost of electricity will increase up to 15% across the country on July 1^st, following an announcement by the Regulatory Authority for Public Services (ARESEP).

The rate hikes are the result of increasing generation costs due to water shortages, according to the regulator.

The amount of the rate hikes varies by utility.  The following are the proposed increases, set to take effect on July 1^st:

ICE – 15.57%

CNFL – 14.55%

JASEC – 12.02%

ESPH – 12.01%

COOPEGUANACASTE – 8.45%

Coopesantos – 7.19%

RUIZ Coopealfaro – 10.23%