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More Electrical Power Cuts
Possible If Rates Aren't
Increased, ICE Says
Be it a threat or a
promise one thing is for sure,
there will be more electrical
service disruptions in the
future if the Instituto
Costarricense de Electricidad
(ICE) doesn't get a rate
increase
Pedro Pablo Quirós, president of
ICE, made that announcement
yesterday, a day following
the rejection by the Autoridad Reguladora de
Servicios Públicos (Aresep) -
regulator of public prices and
services - of a 23% increase
request.
Quirós said that the increase is
necessary for the purchase of
fuel to operate its generating
stations.
The Aresep on Monday rejected a
request by ICE for a rate
increase in electrical services
and asked the institution to
provide a detailed analysis of
the cause of the blackout last
Thursday (April 19) in any
future requests.
The Aresep, in turning down the
increase, into
account that ICE had a surplus of ¢22 billion colones at the
end of 2006.
The regulating body was clear in
its decision that now is now an
opportune time for a rate
increase given the blackout and
the rationing of electrical
power for three days.
Quiros made it clear that
neither he or the ICE board of
directors are in agreement with
the Aresp decision and worries
of the effect of the decision
will have on maintaining
services.
The ICE president said that not
having the added income will
place in jeopardy the
institution's ability to
purchase fuel for the generating
stations and may have to
consider power cuts and
rationing of electrical
services.
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