Energy Law urgently need in Costa Rica

The business sector is pressing for a law that allows for the concession of water to private firms to build hydroelectric dams to be approved.

Friday, September 26, 2008

The Costa Rican Union of Chambers and Association of Private Companies (UCCAEP) stated in a release that it is necessary for "private companies to be able to start meeting the energy needs of the country, thereby avoiding rationing and huge increases" in electricity rates.
The discontentment of the business community is in response to the request made last Friday by the ICE, the state monopoly of electricity, for an increase of up to 46% in electric rates, which the UCCAEP believes is "excessive" at this time.

More on this topic

Energy Emergency in Costa Rica

March 2013

Costa Rican business associations are asking the government to declare an emergency in the power sector because of the sustained increase in the costs of fuel for generation.

According to an article on the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP), has asked the government to declare emergency over the power issue, noting that "...

Costa Rica: Urgent Need for Renewed Electricity Market Rules

May 2013

Both the Costa Rican Union of Chambers and the Presidency have said that Congress should fasttrack the approval of the Electricity Contingency Act.

According to the Minister of the Presidency, Carlos Ricardo Benavides, this project is a priority of the Government and it is hoped that it will be adopted before the end of the year, despite its opposition by various sectors.

Costa Rica Restricts Investments in Electricity

August 2011

An editorial in describes the limitation imposed by the law on the investment of private capital in electricity generation as "a cap on development" .

Private companies are not allowed to build plants of over 50 MW of capacity. When an investment is made with a view to exploiting the plant for its entire lifetime, without a transfer to state power company ICE, the limit drops to 20 MW.

Costa Rica: Promotion of Electricity Contingency Act

August 2013

President Chinchilla has called on Congress to deal with the project for a law deemed essential by the industrial sector.

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

The Chamber of Industries of Costa Rica, welcomes the decision by the Government of the Republic, to convene the Electricity Contingency Act.

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