QCOSTARICA — Despite reports in several local news outlets that the regulatory authority, the Autoridad Reguladora de los Servicios Públicos (Aresep), estimates that starting in January 2025, an increase in electricity rates of “between 15% and 25%” by 2025, due to the Variable Cost of Generation (VCG), the state power and light company, the Instituto Costarricense de Electricidad (ICE), clarified it would not be so.
On Monday, ICE published a statement contradicting information from the Aresep about an increase in electricity rates.
“The tariff estimates for 2024 and 2025 already consider the effects on electricity generation due to the atypical dry season caused by the El Niño Phenomenon. These calculations are based on current climate projections, although this factor is variable and not controllable by ICE,” said the state power and light company.
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According to these estimates, the VCG adjustment for 2025 will be lower than that in 2024 and could even experience a slight reduction. This suggests that the impact on the rate for the final consumer will be zero or less than the current one.
“The ICE administration has implemented a strategy focused on rate stabilization to promote the development of the country and improve the quality of life of Costa Rican society,” declared Marco Acuña, president of the ICE Group.
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