Costa Rica: High Cost of Electricity Reducing Competitiveness

Employers are complaining that the cost of electricity is the factor which is pushing up production costs the most.

Thursday, February 27, 2014

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

"The cost of electricity is the factor that is pushing up production costs for companies in Costa Rica the most. This was demonstrated in the first quarterly business survey 'Business Pulse', carried out by the Costa Rican Union of Chambers and Associations Private Business Sector (UCCAEP).

The survey asked employers if they had factors that were elevating costs significantly in the past 12 months, 41% of respondents said yes.

Of these, 1 in 5 said that electricity rates were the most influencing factor in the increases in production costs, more than fuel prices and wage adjustments. 45% of employers recognized that increases in electricity prices over the past year have had a high or very high impact on them.



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