State firm promises to hold line on power

The Instituto Costarricense de Electricidad has promised not to raise rates at least until Dec. 31, 2015.

Casa Presidencial relayed this pledge Thursday. The electrical generating firm says it has not done so since July 1. The statement appears to be countering a news story to the contrary.

The firm uses mostly hydro power, but when the water is low, bunker fuel is used to five thermal generators. Since petroleum prices have plummeted, the company probably will not need an increase.

Making electrical rates stable was a campaign pledge by President Luis Guillermo Solís. Recently his government came out against private power generating, something that favored the state firm, the Instituto Costarricense de Electricidad.

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