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    ARESEP Approves a 3.7% Tariff Increase for ICE Customers

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    The Costa Rica News (TCRN) – The Regulatory Authority for Public Services (Aresep) approved a 3.7% increase in electricity rates for customers of the Instituto Costarricense de Electricidad (ICE). The new rates become effective as of October 1.

    Since July this year, ICE requested ARESEP increase the rate since the costs for energy imports increased. However, at that time, the request was not consistent with the government’s promise not to raise rates until 2016.

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    The Office of the Ombudsman and employers opposed this adjustment.

    ICE has defended the request arguing that for October an average discount of 6% in the variable fuel cost is expected, but this change has not yet been approved.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

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