Costa Rica:

Costa Rica Is Cutting Electric Rates by 12% Because It Has So Much Renewable Energy (Greentech Media)

(Courtesy CIA.gov)

Costa Rica got 100 percent of its energy from renewables for 75 days straight this year, the state-run Costa Rican Electricity Institute (ICE) announced this week.

The Latin American country hasn’t had to use fossil fuels at all so far in 2015, due to heavy rains that have kept hydroelectric power plants going strong. Wind, solar, biomass, and geothermal energy have also helped power the country this year.

This reliance on renewables has prompted the country to lower electricity rates by 12 percent. ICE predicts that rates will continue to drop for Costa Rican customers in the second quarter of the year.

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