Electricity rate will drop 25% in Panama

Due to the drop in the price of oil, electric energy rates will decrease between 20% and 25% in 2009.

Thursday, December 4, 2008

The regulatory entity reported that they will hold a forum in the next few days during which they will announce the rate adjustment for the first semester of 2009.

Due to the behavior of the price of oil they do not expect any increase, said a government source. Also, there are new electric generation companies that will enter the market within the next few months and this should help to make the rates more competitive.

More on this topic

Panama: Electricity Rates Reduced

June 2015

From July 1st industrial and commercial consumers will pay the actual market rate, which is between 11% and 26% lower than the rate that was in effect during the first half of the year.

From a statement issued by the Authority of Public Services:

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 the 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.

Further Increase in Electricity Rates in Costa Rica

October 2013

The state run electricity company has requested an increase of 5.56%; business are against it, as it heavily impacts industry costs.

There is a procedure requested by the Chamber of Industries of Costa Rica to reduce rates by 11% for all power distribution companies, among which is the state run entity.

Guatemala: Doubts Over 30% Decrease in Electricity Rates

September 2013

Analysts and experts have questioned the claims of Otto Pérez Molina, who said that by 2015 energy prices will have fallen by 30%.

Those consulted by prensalibre.com believe that the price of energy should decrease due to the change in the energy mix, but it's too early to talk about a percentage.

Industry Forum in Costa Rica Discusses High Cost of Energy

June 2013

The 38% increase in electricity costs in the last 14 months has strongly affected the cost of production, causing a loss in competitiveness for domestic production.

A statement from the Chamber of Industries of Costa Rica (CICR) reads:

Industrialists propose joint solutions to the high cost of electricity

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