If this ruling is confirmed in superior courts, the increased cost of production would be inaccessible for many businesses.
Carlos Colom Bickford, president of the CNEE, told Elperiodico.com.gt: "We are extremely surprised and troubled by the decision in favor of EEGSA, but we filed an appeal before the Constitutional Court to correct the resolution."
An increase in energy prices, effective since May 1st, was nullified by a court ruling.
The Second Civil Court, head by judge Norma Eugenia Fratti, ruled in favor of two “recursos de amparo” (appeals for legal protection on grounds of violation of rights and liberties), introduced by Human Rights Defender Sergio Morales.
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.