{"id":9538,"date":"2014-01-28T10:43:33","date_gmt":"2014-01-28T15:43:33","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=9538"},"modified":"2014-01-28T10:43:33","modified_gmt":"2014-01-28T15:43:33","slug":"costa-rica-cost-of-electricity-doubles-that-of-u-s","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/costa-rica-cost-of-electricity-doubles-that-of-u-s\/","title":{"rendered":"Costa Rica: Cost of Electricity Doubles That of U.S."},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/electric-bill.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9539\" title=\"electric bill\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/electric-bill.jpg\" alt=\"\" width=\"600\" height=\"437\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/electric-bill.jpg 600w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2014\/01\/electric-bill-300x218.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>I cannot imagine seeing an electric bill that was double what I used to pay in the US but then again, we are lucky here in Boquete where our consumption is low since we do not have the need for air conditioning and rates here are not that bad.\u00a0 Thanks goodness for the Hydro electric power we produce.<\/p>\n<p>The price paid by <span class=\"hlink\">Costa Rican industry<\/span> for electricity consumption is 41% higher than in the European Union and 259% higher than in the U.S.<\/p>\n<p class=\"description\">Industry has expressed its anger against the rising cost of <span class=\"hlink\">electricity<\/span> as it is making production more expensive and exports are becoming less <span class=\"hlink\">competitive<\/span> against rival markets where <span class=\"hlink\">energy<\/span> is cheaper.<\/p>\n<p>In 2013 in the U.S. the average kilowatt \/ hour was worth 6.8 cents, and  in the EU the average price was 12.4 cents, while in Costa Rica the  cost was 17.6 cents.<\/p>\n<p>Factors that could cause further increases in electricity bills for this  2014, are the risk of less rain and the multi million dollar expenses  that the Instituto Costarricense de Electricidad  (ICE) has assumed for  thermal generation.<\/p>\n<p>&#8220;&#8230; If there is a deficit in hydroelectric generation, the shortfall  will be covered by burning fuels. That, according to his calculations,  will raise the annual bill by about $110 million,&#8221; said <span class=\"hlink\">Carlos Montenegro<\/span>, deputy executive director of the Chamber of Industries of Costa Rica.<\/p>\n<p class=\"link_source\">Source: Nacion.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I cannot imagine seeing an electric bill that was double what I used to pay in the US<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9538","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Costa Rica: Cost of Electricity Doubles That of U.S. - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/costa-rica-cost-of-electricity-doubles-that-of-u-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Costa Rica: Cost of Electricity Doubles That of U.S.\" \/>\n<meta property=\"og:description\" content=\"I cannot imagine seeing an electric bill that was double what I used to pay in the US\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/costa-rica-cost-of-electricity-doubles-that-of-u-s\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog and Newsletter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" 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