Electricity Rate Reduction
Suspended
The Tribunal Contencioso Administrativo
Monday afternoon put a temporary halt on the
expected reduction in electrical rates that
was to have take effect today, September 1.
The suspension is until Friday, September 3,
then the Tribunal will hold a hearing on the
application by the Instituto Costarricense de Electricidad
(ICE).
Last week the Autoridad
Reguladora de los Servicios Públicos (Aresep)
- regulator of public prices and services -
approved a 7.2% decrease of electrical
rates.
ICE objected to the decrease saying that it
would affect negatively the institution's
financial position.
The approved reduction was based on a filing
by the Cámara de Industrias y la Asociación de
grandes consumidores de energía that proved that ICE did not
spend the budgeted ¢98 billion colones in
energy production, but rather about half
that.
The Cámara argued that consumers should be
compensated.
Friday the court will decide if the
reduction approval will be permitted or be
annuled. |
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