Costarican Institute of Electricity Electricity tariffs Energy Electricity Increase rate Tariffs Costa Rican Chamber of Industries energy Regulatory Authority of Public Services (Costa Rica) Competitiveness Increased rates Rates Public Services Costa Rican Association of Large Energy Consumers Electricity market Industry

Costa Rica Losing Competitiveness Because of Electricity Costs

Industrialists are starting to look at transferring their plants to countries where energy costs are lower.

Thursday, October 31, 2013

The high cost of electricity bills has caused some industries to look at moving their operations out of the country in the search for savings and competitiveness.

Corporación Yanber, a manufacturer of packaging for trade, industry and agriculture, decided to go to Nicaragua eight months ago, and other companies are evaluating the possibility of moving their operations to countries where the energy sector impinges less on the cost of their products.

Carlos Montenegro, deputy executive director of the Chamber of Industries of Costa Rica (ICRC) says that "this year alone the rates have increased by 30% and among the impacted sectors are agribusiness, food production, cement, glass, plastics, and rubber manufacturers, as well as the industries for printing, wood, metal mechanics, chemicals and textiles . "

Source: Nacion.com

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Goods

Electricity

Key entities

Corporación Yanber Carlos Montenegro Costa Rican Chamber of Industries Free Port Association of Costa Rica Jorge Brenes Costa Rican Association of Large Energy Consumers Regulatory Authority of Public Services (Costa Rica) Costarican Institute of Electricity Teófilo de la Torre

Countries

Costa Rica

Insight

Competitiveness energy consumption energy Electricity market Electricity tariffs Increased rates Increase rate Tariffs operation costs Energy Rates Public Services

Costa Rica: Cost of Electricity Doubles That of U.S.

January 2014

The price paid by Costa Rican industry for electricity consumption is 41% higher than in the European Union and 259% higher than in the U.S.

Industry has expressed its anger against the rising cost of electricity as it is making production more expensive and exports are becoming less competitive against rival markets where energy is cheaper.

Reduced Electricity Bills for Large Consumers

October 2013

Overwhelmed by the growing impact of energy costs, large electricity consumers in Costa Rica are asking for a reduction in their electricity rates of between 10.7% and 38.6%.

From a press release by the Regulatory Authority for Public Services (Aresep):

The Costa Rican Association of Large Energy Consumers (ACOGRACE) has requested a rebate for electricity rates in the business sector.

Further Increase in Electricity Rates in Costa Rica

October 2013

The state run electricity company has requested an increase of 5.56%; business are against it, as it heavily impacts industry costs.

There is a procedure requested by the Chamber of Industries of Costa Rica to reduce rates by 11% for all power distribution companies, among which is the state run entity.

Uncertainty in Electricity Future of Costa Rica

November 2012

Delays in the construction of the large hydropower projects and increases in their costs are making the future level of electricity tariffs unpredictable.

Elfinancierocr.com reports that "The Association of Major Power Consumers (Acograce) and the Chamber of Industries (CIRC) believe it is time for the Costa Rican Electricity Institute (ICE) to improve and streamline their internal processes, which because of their slowness and bureaucracy, is costing the country many millions. "