Costa Rica

ICE to Review Power Purchases

Bnamericas Published: Wednesday, May 05, 1999
Costa Rica's state-owned power company ICE will review its purchasing policy from private generators, executive president Rafael Sequeira said. "Energy costs will be established and the cheapest will be bought, which will be the first-choice power to be sent to clients; the most expensive will be left to last," Sequeira said. "Moreover, we could change the prices depending on what time of day we buy the power." Sequeira's comments came after the Comptroller General said there was no reason for the ICE to buy 100% of surplus production from private generators operating in the country. Sequeira explained that the rules establishing the compulsory purchase of surplus energy were designed to encourage private sector participation in the country, but that the market is now sufficiently consolidated and the purchases are no longer necessary. Under the existing situation, ICE's private power purchases mean that it has to stop production at its own plants at certain times of the day, Sequeira said.

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