Delays in the construction of the large hydropower projects and increases in their costs are making the future level of electricity tariffs unpredictable.
www.Elfinancierocr.com reports that "The Association of Major Power Consumers (Acograce) and the Chamber of Industries (CIRC) believe it is time for the Costa Rican Electricity Institute (ICE) to improve and streamline their internal processes, which because of their slowness and bureaucracy, is costing the country many millions."
The lack of estimates by the Instituto Costarricense de Electricidad (ICE) and the Autoridad Reguladora de los Servicios Públicos (Aresep) of electricity prices, has caused concern among entrepreneurs, representatives of the major energy consumers.
"Ronald Jimenez, president of Acograce, said the price of the projects should not be unlimited. Carlos Montenegro, the CIRC's deputy executive director, considers the projects to be strategic, but warned that only competition in electricity generation will ensure that plants contribute cheap kilowatts."
The increase in costs of the hydroelectric plants under construction, and the resulting increase in the rates for the electricity produced, "has put the business sector on alert, and they are warning of a loss of competitiveness compared to other countries where the industry has lower rates."
Hotels Report a Decrease in Year-end Occupancy! Only 39 percent of Costa Ricas hotels had more guests in 2012 than the previous year.
The Tico Times Offers Internships. The Tico Times offers four-month internships for aspiring journalists and photographers with relevant education and experience. Interns have the opportunity to learn the ropes in a newsroom, gain valuable hands-on experience and clips, and live and work in Costa Rica. The positions pay a stipend of $200 a month.
Will the Dollar Be Floated in Costa Rica? Aldesa discusses the possible directions that the monetary policy of the Central Bank of Costa Rica could take, while the influx of speculative capital accelerates.
How Tourism Suffers From Lack of Infrastructure In the 2010-2011 season the number of cruise ships that docked at the port of Limon fell by 41% compared to the 2011-2012 season.
190,000 Motorists Failed to Pay Marchamo on Time. Fine for Paying Late is ₡47,000 ($94). The deadline to pay the year-end auto registration fee and obligatory insurance known as the marchamo ended Monday at midnight, and some 190,000 drivers failed to pay on time, according to the National Insurance Institute (INS).