Reductions in Fuel But Increases in Electricity

The Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP), the National Bus Transportation, the National Chamber of Cargo Transportation and the National Public Transport Forum, they urged Aresep a reduction in fuel.

According to employers, this measure just could lead to a reduction in tariffs for electricity and not to harm the country’s competitiveness.

“The urgency is because the current price of fuel were established based on a value per barrel of oil from $ 126 and that the current price is $ 80 and a downward trend.” UCCAEP reported this afternoon.

Employers recalled that the Constitutional Court has already ruled an appeal filed by a citizen against the pricing formula of fuel.

This legal action was suspended the process to lower the price of oil.

“As production sector, we ask the Aresep as soon as possible to reduce fuel prices, which undoubtedly will benefit the country and who have fewer resources,” said Manuel H. Rodriguez, president of UCCAEP.

The Aresep is pending a sale. For example, the premium gasoline would be at ¢ 744. The bonus would drop 39 ¢ per liter.

Meanwhile, the diesel would drop to ¢ 604, equivalent to 63 ¢ less.

Among the direct beneficiaries with the lowering of fuel are those who use gas for cooking, in addition to the productive sector.

Furthermore, the reduction would come to help other sectors and institutions like the Instituto Costarricense de Electricidad (ICE), for diesel and bunker used for electricity generation.

In addition, the Regulatory Authority for Public Services (Aresep) authorized an increase of 7.9% in the rates of generation and 3.6% for electrical distribution Instituto Costarricense de Electricidad (ICE).

For a family with an average consumption of 200 kilowatt hours (kWh), this increase represents an additional expenditure of ¢ 400 per month.

The bill for the electricity costs will rise from ¢ 13,600 to ¢ 14,000.

In this case the kilowatt hour will increase from ¢ 68 to ¢ 70 for the first 200 kWh of consumption. Meanwhile, consumption between 201 kWh and 300 kWh consumed per unit of increase from ¢ 125 to ¢ 130.

The regulator said that this increase recognizes additional cost of ¢ 19,000 million on purchases of fuel for power generation during the previous year.

In 2011, the Aresep approved spending rates recognized in lubricants and fuel for ¢ 65.106 million, but at the end of the year was an increase in spending on these products, so we need a new price adjustment. For this, the Institute had requested an increase of 11.26% (¢ 29 823 million).

The calculation also recognizes the difference in energy import bills and export income, because sometimes it is best to import to generate thermal plants.

During 2011, imports accounted for ¢ 582 million, which is cheaper to generate heat.

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