According to a statement from the Assembly of Panama, the resources will be used to strengthen the Energy Compensation Fund and to cover cost overruns generated by distribution companies.

"The goal of compensating electricity distribution companies for the amounts that they no longer perceive due to the stabilization of electricity rates for regulated customers, is to make payments to the electricity generating companies with mixed capital stock, so that electricity rates for end users do not increase sharply over the coming years, due to changes in petroleum products", said Omar Castillo, Deputy Minister of Economy and Finance.

Source: Asamblea Nacional de Panamá

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