Electric Fees Will Be Lowered 10% in Panama

A 10% reduction for business and residential fees will come into effect in the next weeks.

Wednesday, July 22, 2009

The announcement was made by president Ricardo Martinelli, at a meeting with the Union of Industry.

From newspaper La Estrella: "In the meeting, Martinelli informed them that the reduction was achieved after reaching a consensus with energy generation, transmission and distribution companies. This would be the second reduction in less than two months, given that on July 1st, fees were lowered almost half a cent per KWh".

More on this topic

Electricity Costs Down 12% in El Salvador

September 2009

Electric power fees will be reduced between 10% and 12% starting October 12th.

The exact reduction will be known by the end of the month, after the fee adjustment process for April-September 2009.

This was reported by the Electricity and Telecommunications Superintendence (Siget), and electric power company AES, who added that "these adjustments are done every six months, on April 12 and October 12 of each year".

Up to 16% reduction in electric rates in Honduras

February 2009

The new rates plan came into effect on February 1, the ENEE manager, Rixi Moncada, reported.

La Tribuna.hn reports: "...there will some slight reductions in the rates, which will be between 5 and 12% depending on consumption; these will be applied starting February.

"Some consumers will see reductions of between 8 and 12% and in some cases, up to 16%"."

Honduras: Deficit prevents reduction in electricity rates

October 2008

The Government reported that it will not make any reductions in rates for the National Electric Energy Company, due to the deficit of $39 million.

"You should be aware that the State subsidizes the consumption of energy, that consumers are not paying the real price despite what is said by people in the industrial and commercial and other sectors," Energy minister, Rixi Moncada, said.

Martinelli: "No More Ruthless Capitalism"

August 2009

"In my government, the interests of the people come first. For that the country needs abundant energy at a fair price".

The Panamanian Government announced measures to lower energy bills, and, in the words of president Ricardo Martinelli, they "must be effective, and reflected in lower fees to users".

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