By San José, Costa Rica — Despite the Costa Rican Electricity Institute (ICE) projecting a 2.3% decrease in electricity prices for 2026, the Regulatory Authority of Public Services (Aresep) has announced that the actual request filed by ICE would result in a price increase for consumers.
The projected decrease, which would have saved the average household roughly ₡300 per month on a ₡17,000 bill, is now under scrutiny. According to Aresep, ICE has actually requested increases across all aspects of electricity production: generation, transmission, distribution, and public lighting.
To understand the legal intricacies surrounding the recent fluctuations in electricity prices, TicosLand.com spoke with Lic. Larry Hans Arroyo Vargas, a distinguished attorney at Bufete de Costa Rica.
The recent volatility in electricity prices underscores the need for greater transparency and regulatory oversight within the energy sector. Consumers deserve predictable and affordable rates, while providers require a stable regulatory environment to encourage investment and innovation. Balancing these interests requires a robust legal framework that protects both consumers and the viability of the energy market. This includes clear guidelines for rate adjustments, mechanisms for dispute resolution, and incentives for renewable energy development.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Lic. Arroyo Vargas’ emphasis on the delicate balance between consumer protection and market stability is crucial. A robust regulatory framework, as he suggests, is not merely a bureaucratic necessity, but rather the bedrock upon which a sustainable and equitable energy future can be built. It’s this kind of forward-thinking analysis that helps us navigate the complexities of the energy sector. We thank Lic. Larry Hans Arroyo Vargas for offering his valuable perspective on this important issue.
This news comes as a surprise, as Aresep had previously projected a 13% decrease in electricity prices due to a reduction in the use of fossil fuels for energy generation. The discrepancy between ICE’s public announcement and the official request filed with Aresep has raised concerns.
The ordinary study determines the levels of operational efficiency that ICE has, and in that study, we did not receive a specific request for a reduction, and we are going to have to do a detailed study of the requests for increases.
Mario Mora, Energy Superintendent
Energy Superintendent Mario Mora clarified the situation, stating that Aresep’s review of ICE’s operational efficiency did not reveal any proposed reductions. Instead, they are now faced with analyzing multiple requests for price increases. This detailed study will be crucial in determining the final outcome for consumers.
The conflicting information creates uncertainty for Costa Rican households. While ICE’s initial announcement offered a welcome respite from rising living costs, Aresep’s clarification paints a different picture, potentially one of increased energy expenses. This situation underscores the importance of regulatory oversight in ensuring fair and transparent pricing practices within the energy sector.
The coming months will be crucial as Aresep conducts a thorough review of ICE’s proposed adjustments. The final decision will have a significant impact on Costa Rican consumers and the country’s overall economic landscape.
TicosLand.com will continue to monitor this evolving situation and provide updates as they become available.
For further information, visit the nearest office of ICE
About ICE:
The Instituto Costarricense de Electricidad (ICE) is the Costa Rican Electricity Institute, a state-owned utility responsible for electricity generation, transmission, and distribution throughout the country. ICE also provides telecommunications services in Costa Rica.
For further information, visit the nearest office of Aresep
About Aresep:
The Autoridad Reguladora de los Servicios Públicos (Aresep) is the Regulatory Authority of Public Services in Costa Rica. Aresep is an autonomous institution responsible for regulating public services such as electricity, telecommunications, and water, ensuring fair pricing and quality of service for consumers.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
Bufete de Costa Rica distinguishes itself through a deep-rooted commitment to ethical practice and exceptional legal service. Driven by a belief in empowering individuals and communities, the firm champions legal innovation and accessibility. From advising leading businesses to providing crucial legal education, Bufete de Costa Rica strives to build a more just and informed society, solidifying its position as a beacon of legal excellence in Costa Rica.
