Nacion.com reports: "Said company, which is owned by the ICE, covers a little more than half of the country's population.

This rate increase was approved by the Regulatory Authority of Public Services (Aresep) and the company was notified yesterday."

Source: Nacion.com

More on this topic

Further Increases in Electricity Rates in Costa Rica

August 2012

Large scale customers of the Instituto Costarricense de Electricidad (ICE) will pay an extra 23% on their electric bill if the requested increase is approved by the regulator.

Delays in the start up of new hydroelectrical projects by the ICE and the low amount of rainfall this year are taking their toll in the form of cost increases in power generation because of the increase in purchases of bunker and diesel for power plants.

Electricity Rates Increase by 9% in Nicaragua

January 2012

The Nicaraguan Institute of Energy has announced a 9% increase in electricity rates effective from January 7, 2012.

Analysts disagree with the rate of the increase, saying that it should be less, as there was an increase in 2011 in power generation from renewable energy sources.

El Salvador: Electricity Will Cost 13% More

February 2010

Energy distribution company AES estimates it will raise fees by 13% at it next revision, in April.

The price of electricity breaks down into three major components: energy price (80%), distribution (18%) and commercialization (2%).

The last two will remain unchanged, explained the Vice president of AES, the country’s largest energy distributor, but the first could increase 17.4%.

9% increase in electrical services in Costa Rica

November 2008

The General Regulator, Fernando Herrera approved the increase of 9.4% in ICE's electricity services yesterday.

The increase will be reflected differently depending on usage and time of year. This means that during low season, (June-Dec) the average family will pay 1,150 colones more for 250 kwh