Rate-setting agency proposes a reduction in electrical costs

Between monthly changes in fuel prices and continual bickering over the electrical rates, there is no wonder that expat heads are swimming.

Added to the complexity, the Autoridad Reguladora de Servicios Públicos proposed a new cut in electrical rates to take place between July and September.

The percentage differs based on what company supplies the power, but the reduction for customers of the Instituto Costarricense de Electricidad  would be 7.93 percent.

Customers of the Compañía Nacional de Fuerza y Luz would see a decrease of 8.53 percent.

There would be a decrease in the rate with which the  Instituto Costarricense de Electricidad sells power it generates to the retail distributors.

The regulating agency adjusts rates every three months to reflect changes in the cost of petroleum. The proposed rate reductions reflect the use of sources other than oil-fired turbines and also the ability to import power through the regional network, said the regulating agency. Power companies may protest these proposed cuts.

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