The rainy season is here, and more electricity will be generated by hydro plants, but the reduction in rates will be negligible.
The Autoridad Reguladora de Servicios Públicos said Friday that the Instituto Costarricense de Electricidad will have a 9.27 per cent reduction in the price it gets for generating electricity.
However, the reduction in rates for consumers will be just 1.34 percent for customers of the Compañía Nacional de Fuerza y Luz and just 2.15 percent for customers of the Empresa de Servicios Públicos de Heredia S.A.
Customers of the Junta Administradora de Servicios Eléctricos de Cartago will see a 1.29 percent increase in electrical rates.
The new rates cover the period of July through September.
A better deal will be for electrical customers of the Instituto Costarricense de Electricidad who will see a 4.47 percent reduction in rates.
Coopelesca R.L., a cooperative in San Carlos and the northern zone, will have a 10.44 percent reduction, the biggest of any electrical distributor. The rate setting considers factors other than the raw costs of power.
The generation of electricity by the thermal method means the burning of petroleum fuel. The distribution of such fuel is basically a monopoly in Costa Rica under the control of the Refinadora Costarricense de Petróleo S.A., which imports all that is used here.
The Laura Chinchilla administration has been adamantly opposed to exploratory petroleum drilling in the norther zone where a Denver, Colorado, firm thinks there are deposits.