Concern About Possible Electricity Rationing

Employers in Costa Rica are on alert because of the late entry into service of hydroelectric projects and the rising cost of electricity.

Monday, November 19, 2012

In the last six years, and in the absence of hydro plants, which are still under construction, the need to deal with the growing demand by using thermal generation of electricity, has made electrical service tariffs in Costa Rica grow at a higher rate than inflation .

According to the price index published by the National Institute of Statistics and Census (INEC), the cost of energy rose by 30% compared to the general price index in that period.

Nacion.com reports that "The possibility of power rationing and climbing service rates have sounded alarms in the private sector. The risk of a shortfall, according to entrepreneurs, comes from the delays in construction of key projects to ensure future demand. Such is the case of the plants Diquís and Reventazón. "

According to businesses, "if you add to this the Electricity Contingency Bill -which would open up more space for private providors-stalled in Congress for two years, there is no alternative but to increase thermal generation or implement rationing. '



More on this topic

Panamanian Companies Do Not Have Power Generators

May 2013

Companies in Panama could be affected with the new arrangements for energy rationing as they do not have backup electricity systems.

According to the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP), these companies may have losses of $3.7 million per hour of programmed blackouts.

Energy Crisis Grows More and More Serious

May 2013

The Chamber of Commerce, Industries and Agriculture in Panama is urging the private sector to adopt urgent energy saving measures in order to avoid programmed blackouts.

The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) has asked the private sector to implement, with the utmost urgency, actions to reduce electricity consumption in order to delay the possibility of rationing, as if savings are not made, blackouts could be scheduled promptly.

Move to Update Energy Efficiency Law

February 2012

Costa Rican Industrialists have presented the government with an update list of equipment that is tax-exempt because it optimizes energy use.

Agustin Rodriguez, a member of the Institute for Business Excellence of the Chamber of Industries, said the aim is to improve the existing Act 7447, which regulates the rational use of energy by the public and private sectors.

Nicaragua faces new round of power blackouts

May 2008

Unión Fenosa, Nicaragua's leading electricity distributor, announced the reimposition of rationing. Fenosa blamed the energy crisis and the government's failure to deliver 60 megawatts generated by two recently acquired mobile plants.

In all, 600,000 Fenosa clients will be affected by blackouts of between three and seven hours.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Take Back Your Life. Costa Rica $100,000 Income & Residency

Property has Everything – Location, Privacy, Ocean Views, Profitable Coffee, Waterfalls, 20 Segregated and Titled Building Sites, Farm Manager.
Very Profitable, $100,000, Coffee Farm, 70 Acre: 30,000...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 25)
Brent Crude Oil
55.550
Coffee "C"
125.3
Gold
1,855
Silver
25.469