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Wednesday 01 April 2009, San José, Costa Rica  Home Contact Us Subscribe To Our Newsletter
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ICE Order To Reimburse Customers Ratified


ICE Order To Reimburse Customers Ratified

If you are a customer of the Instituto Costarricense de Electricidad (ICE) and lets face it who isn't in Costa Rica, you can expect a refund from the state agency.

ICE has been ordered, again, to reimburse its fixed line telephone customers 448 colones and cellular telephone customers 172 colones, following an order issued by the Autoridad Reguladora de los Servicios Públicos (ARESEP) in 2003.

Since then ICE has refused to heed to the Aresep order. However, the Juzgado Contencioso Administrativo has now ratified the Aresep order which obligates ICE to give back money to its customers.

The reimbursement goes back to the the 20 day strike action by ICE workers in 2003 when customer service operations were suspended. The regulating authority felt customers were paying for a service they did not receive and thus ordered the payback.

Of course the amounts involved to each customer does not seem much, but when you put in context that ICE is the only provider of telecommunications, until last year it had a monopoly, everyone with a telephone in 2003 is affected.

So, lets do a little calculations as to what it may cost the state agency and in reality what it has saved for stalling payments, since the colon has decreased in value over the US dollar considerably in the last six years.

If in 2003 there were 1 million fixed line telephone customers and 500.000 cellular customers, the amount to be paid by ICE would equal to 534 million colones or us$1.4 million dollars at the exchange rate in 2003.

However, that many colones is valued at only us$953,500 dollars at today's exchange rate, a savings to the institution  of us$446.500 dollars.
 
 
 
 
 
 

 

 

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