Electrical pricing increase on colocation related services

Dear clients, due to the excessive drop in the value of U.S dollar versus the costarican colon, combined with the electricity increases applied in the last 24 months in Costa Rica, Racknation has been forced to apply a very conservative increase in all colocation related services starting Februrary 1st 2024 in the following way:

- 4% increase in RackSpace costs
- 8% increase in excess electricity costs (electricity in excess to the rack space included power feed)

The variation on the year 2023 of our electrical costs due to the exchange rate variation and electrical pricing increases has generated an 18% increase in our operation costs, however we have made a big effort to maintain pricing as normalized as possible to avoid affecting our clients in a major way. All Electricity payments in Costa Rica are done using colones, this means our USD based pricing has lost value resulting on a heavy increase of our base costs for all colocation services.

Pricing increase is not something we take lightly in Racknation but due to the current economical politics of the current costa rican government its a necessity to adapt our pricing in order avoid affecting our service quality and known stability.

We appreciate your attention to this matter.

References:
https://ticotimes.net/2023/12/15/dollar-hits-historic-low-in-costa-rica

For any questions or inquiries on this regards please feel free to contact our support department on the usual channels.