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Steep Electricity Hike Hits Costa Rica

lectricity prices in Costa Rica increased by over 8 percent in January 2024, marking the steepest hike since February 2023, as drought conditions force greater reliance on costly thermal power generation.

Costa Rica s Electric Shock: Prices Surge as Drought Dries Up Wallets

The Costa Rican Electricity Institute (ICE), the state-owned powerhouse, had seen the storm brewing on the horizon.

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