It is estimated that the lack of competition among wholesale suppliers and the over-regulation of fuel prices generate an estimated annual cost of about $830 million to the Costa Rican society.
According to a study carried out as part of Costa Rica's accession to the Organization for Economic Cooperation and Development (OECD), over-regulation hinders competition between service stations and does not allow consumers to take advantage of lower prices.
From January to August 2018 in Panama the price of a 30-foot section of steel rod rose by 15%, and polarized outlets increased by 5% compared to the same period in 2017.
The average cumulative behavior from January to August of 2018, with respect to the same period in 2017, showed increases in the Price Indices (PI) of a 30-foot section of ½" steel rod of 15.0%, of polarized outlets by 4.6%, that of a foot of stranded electric cable by 4.1% and a foot of unsanded espavé wood by 0.1%, informed the Comptroller General of the Republic.
With the declaration of effective competition in the mobile telecommunications market it is expected a reduction in prices and an increase in the commercial supply offered by operators.
Mobile telephony and mobile internet services are now free from tariff regulation by the Superintendence of Telecommunications (Sutel).The entity declared effective competition in this segment of the telecommunications marketon September 18.
If the proposal put forward by the Superintendence of Telecommunications is successful, the rates for telephony and mobile internet will be free of regulation.
The proposal to declare effective competition in the mobile phone market will put to public consultation for the next 15 days.
In addition to revolutionizing the concept of transport in cities, Uber is also an example of how trends in price management are changing within companies.
The processes and methods followed by businesses to determine the sales prices of their goods and services are changing as fast as the tastes and preferences of consumers.
Operators are questioning the slow pace of the Superintendency in analyzing the market to determine the existence of effective competition and eliminate caps on rates.
The study being carried out by the Telecommunications Authority to analyze the details of the market and define whether there is effective competition should be ready by the end of the year, but operators say the lack of speed with which the process is being carried, will prevent this deadline from being met. This will delay the eventual liberalization of tariffs in telephony and internet services.
Six years after the market opened, authorities are assessing whether competition is effective in order to eliminate caps and free up rates for mobile telephony and the internet.
The methodology for determining whether or not there is effective or genuine competition in the telecommunications market has already been approved and the Telecommunications Regulator expects to have the results no later than the end of the year. If it is determined that competitive conditions exist, there could be an elimination of the requirements such as capped tariffs for services and other service fees, which are currently limited to the operators.
Caps imposed by the Superintendency on tariffs for telecommunications services restrict competition by preventing operators from offering more expensive packages to more affluent segments.
The telecommunications industry is requesting the freeing up of rates with the aim of letting the market itself be responsible for setting them, with oversight by the Superintendency of Telecommunications (Sutel). Authorities from the Sutel indicated, as they have done so on other occasions, that restrictions on tariffs will remain until the results of the study on market prices and, depending on its indications, will start in March.
Operators of the telecommunications market in Costa Rica are calling for intervention by the regulator in rates to be removed and for operations to be carried out within a framework of real commercial freedom.
After more than six years of having promoted laws which opened up the telecommunications market in Costa Rica, no operator has the ability to unilaterally set final prices or manipulate conditions in the telecommunications market.
The industry is calling for effective competition to be allowed with the market setting rates and not the Telecommunications Regulator.
Operators of telephony and internet services are asking for the establishment of maximum rates by the Superintendencia de Telecomunicaciones (Sutel) to be eliminated, applying what is contemplated in the Telecommunications Act, which allows the possibility of not intervening in the setting of rates. The companies point out that "... the market prices are up to six times lower than the maximum rate established by the Sutel."
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