Executive director of the union, Jorge Arriaza, confirmed yesterday that for small and medium businesses in the industrial sector the increase will be between one and eight thousand dollars per month.
"We have calculated that the increases may go from a range of one to two thousand dollars per month for small business, to a range of eight thousand dollars, and for large companies we may have to pay up to 60 or 70 thousand dollars in electricity," Arriaza said.
The private sector and the Executive agreed to eliminate the grant on electric energy for commercial and industrial users.
The grant will be eliminated in three phases, with the first one on August 12, the second on May 12, 2009, and the last on October 12, 2009. Phase one will take out 40% of the grant, while the next two phases will eliminate 30% each.
The government, which currently subsidizes 50% of electricity bills for consumption up to 99 kw, analyzes continuing the subsidy.
The subsidy of $7.5 million a month currently benefits 825,000 households, which is equivalent to 62% of all the users in the country.
Laprensagrafica.com publishes declarations of Héctor Silva, the president of the Social Investment Fund for Local Development (FISDL, acronym in Spanish): “A team has been assembled to review the issue (focusing on the subsidy) and others that are on the agenda. The commission includes the Technical Secretary of the Economy. I do not want to go into details but, yes, we have begun a debate on the issue.”
From July 1st the Energy Compensation Fund will be eliminated and users who demand the most power will pay actual market rates.
From a statement issued by the National Authority for Public Services (ASEP):
Electricity rates corresponding to the second half of 2015 will not be raised, according to the Authority of Public Services (ASEP), the entity that performs a calculation every six months to establish the tariff schemes to be applied in Panama, once the companies EDEMET, EDECHI and ENSA publish their tariff schedules.
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