State power firm again rejected for a rate hike

The rate setting agency has again rejected a tariff increase for the  Instituto Costarricense de Electricidad.

The state power generating firm sought increases of from 2.8 to 13.18 percent Sept. 13.

The agency, the Autoridad Reguladora de Servicios Públicos, said there were inconsistencies in the data that was provided.

The rate setting agency has rejected four rate increase requests from various power companies, including the Instituto Costarricense de Electricidad this year and has awarded increases less than companies sought in three occasions, it said.

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