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Turn Off Those Lights! Electricity Hike Is Next

By Wendy Anders Yesterday, the Public Services Regulatory Agency (Aresep) announced changes to electricity rates which will be in effect from July through September. The agency cited a 6.64 percent increase in energy production costs due to the use of fossil fuels to meet the growing energy demand earlier this year, mainly to cover industrial and commercial energy needs. To meet energy deficits, ICE went above their projected thermal energy spending plans and spent an estimated $14.6 million on fuel for energy production. Aresep noted lower electricity prices earlier this year and increased economic activity as contributing to the increased…

The post Turn Off Those Lights! Electricity Hike Is Next appeared first on Costa Rica Star News.

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