Costa Rica: Urgent Need for Renewed Electricity Market Rules

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

Wednesday, May 29, 2013

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.

"There are some people who do not think the same way and believe that any attempt to produce more electricity is an attack against the interests of certain institutions, therefore Parliament will discuss the extremes that have to be discussed and this year we hope to have legislation on this topic and Electricity Contingency Act is our priority in this direction, " said the official.

"In addition, representatives from the Costa Rican Union of Chambers (Uccaep) expressed concern over issues such as the need to modify the tariff adjustment methodologies applied by the Regulatory Authority for Public Services (Aresep) affecting the purchasing power of wages, something the Government has also been insisting on", published Prensalibre.cr.



More on this topic

Costa Rica: Government Does Not Want Open Electricity Market

November 2014

The Solis administration is opposed to the Power Contingency Act which would enable private power generation and force the state run power company to compete.

Arguing that there is no need for it because 'demand is being met," the executive branch is opposing the Contingency Power Act because" ...

Open Market for Renewable Energy for Costa Rica

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The business sector is proposing removing the limits on the participation of the private sector in renewable energy and eliminating the price "floor" in auctions of new projects.

From a statement issued by the Union of Chambers and Associations of the private business sector (Uccaep):

Energy Emergency in Costa Rica

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Management by Costa Rica State Power Company Challenged

January 2013

Business associations say the country needs a comprehensive law that allows greater participation and competitiveness of private generators.

The Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) predicts sharp increases in electricity rates, and points to inefficiency in the management of the Instituto Costarricense de Electricidad (ICE), as the monopoly responsible for satisfying the country's demand for electricity.

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