Arguing that the non-approval of increases would jeopardize the implementation of the investment plan and commercialization of energy, Compania Nacional de Fuerza y Luz (CNFL) asked ARESEP for two upward adjustments, one for the second half of this and the other for next year, 2018. 

The company, which has proved inefficient in its management and implementation of projects such as the hydroelectric plant Balsa Inferior and Parque Eólico Valle Central, "... closed the year in the red last year after applying the interest payments on its debt, investment in power generation in recent years, and expenditure from the exchange rate differential. "

Nacion.com reports that "...These failed investments partly explain the CNFL also asking on Friday for an adjustment in the rate of generation (the costs of the company producing electricity). Specifically, the company asked the ARESEP for a 175% increase in generation from July this year and also 126% at the same rate for 2018, according to the file number ET-018-2017 which is being processed with the Energy Regulator."

Source: Nacion.com

More on this topic

Costa Rica: Increase in Electricity Tariffs

June 2016

Starting from July 1 prices will rise by 5,49% for customers of the Instituto Costarricense de Electricidad, 4.45% for those of the CNFL, and 3.08% for the ESPH and 3.08% for the JASEC.

From a statement issued by the ARESEP:

Electricity rates will be adjusted due to the fact that in the last quarter reviewed more energy was produced using combustibles in order to cover an increase of 6.64% in electricity demand. This adjustment will be in effect between July and September.

36% Increase in Electricity Rates

September 2015

The second state run electricity company of Costa Rica aims to increase its rate of generation to a level two and half times higher than that of the ICE, the main electricity company in the country.

From a statement issued by the Regulatory Authority for Public Services (Aresep):

Costa Rica: More Hikes in Electricity Rates

September 2014

Industrialists have opposed the rate increase requested by the state power company describing it as inconsistent with the recent announcement by the government to maintain a flat fee for 18 months.

From a press release issued by the Chamber of Industries of Costa Rica (ICRC):

Electricity rate to increase 25% in Costa Rica

January 2009

Starting next month consumers of the Compania Nacional de Fuerza y Luz (CNFL) electric company will pay 25% more for the service

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."