Costa Rica Requires New Power Scheme

To satisfy growing energy consumption, the energy sector would require $9 billion in investment in the next 10 years.

Wednesday, February 16, 2011

The Chamber of Industry was summoned to the Legislative Assembly to participate in the discussion of the new Electricity bill. They explained the need for a new energy model in the country, based on three pillars, described by Marco Meneses, president of the Chamber, as: Competitive Prices, Quality and Secure Supply.

He noted that energy prices have doubled in the past four years, situation that hampers foreign investment and threatening job creation.

More on this topic

Guatemala: 2016 Electricity Market Figures

May 2017

In the past year 440.5 MW were installed, of which 60% correspond to hydroelectric plants and the remaining 40% to thermal plants.

From the "2016 Statistical Report on the electricity subsector", by the Ministry of Energy and Mines:

In 2016, there was an increase in Guatemala's generation park with the entry into operation of several plants and hydroelectric generation plants, as well as cogeneration plants using biomass and coal.

Government of Nicaragua Targets Electricity Market

March 2014

Companies are being prevented from choosing where to buy the electricity they consume, and forced to get it from the distributor TSK- Melfosur.

With the change in the regulations imposed by the government, companies will have to assume increased electricity costs as they are prevented from choosing and buying power directly from generators.

Panama: NO to Changes in Electricity Market

November 2012

Several wholesale Panamanian electricity market players have sounded the alarm over distortions in the balance between supply and demand as a result of the changes proposed by ASEP.

The public consultation to which the National Authority of Public Services (ASEP in Spanish) submitted its proposes for rule changes for the calculation of prices in the wholesale electricity market, resulted in opposing views from power generators and the Chamber of Commerce, Industries and Agriculture of Panama.

The Electricity Sector in Central America

March 2011

A Fitch report blames high regulatory risk as the main problem for regional private investment in generation and distribution of electricity.

Executive Summary of Fitch´s Special Report on the Power Sector of Central America and the Caribbean:

The electricity sector in Central America and the Caribbean reflects a strong link with regional government’s performance due to socio-economic and regulatory aspects which characterize these countries. While on the medium term the region provides significant investment opportunities to increase power generation, state intervention in the sector is high, considering subsidies, state involvement in the industry´s infrastructure and involvement in the establishment of tariffs, which represent one of the main challenges to attracting private investment.

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