The utility regulating agency will go ahead with the electricity rate cut it had promised.
The agency, the Autoridad Reguladora de Servicios Públicos, says it has approved a 6.31 percent rate cut for electrical generating. The cut filters down to the rates charged businesses and homeowners by the various distribution companies.
The cut for customers will average about 2.82 percent, the agency said. The rate cut will be applied in October through December for all eight of the distribution companies. The cut is due to the lesser need for petroleum-fired generators, said the Autoridad.
The rate cuts range from 3.78 percent for customers of the Compañía Nacional de Fuerza y Luz to 1.15 percent for COOPELESCA, based in San Carlos and covering parts of the northern zone.