ICE gets its rate cut instead of a hike

Anyone following the changes in utility rates and in other services regulated by the government is bound to get dizzy.

The regulating agency Thursday announced that instead of getting a requested rate hike, the Instituto Costarricense de Electricidad would get a 6.7 percent cut in electrical distribution rates.

The state power company may appeal.

Wednesday the same agency, the Autoridad Reguladora de Servicios Públicos, said it had changed the way that the rate for liquid petroleum gas was calculated and that the household gas cylinder would increase in price by 2,000 colons, nearly $4.

And then every month there is a change in the price of motor fuels.

The state power company known as ICE sought a 12.7 percent increase in the rate for generation, 9.8 percent in transmission and 8.3 percent in distribution.

The company’s rates filter down to rates charged by companies like its subsidiary, the Compañía Nacional de Fuerza y Luz, although ICE has a number of its own retail customers. The Autoridad Reguladora said the rate cut would benefit 739,000 electrical customers.

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