Electricity Rates Decreased in Panama

As part of the measures to mitigate the effects of the covid-19 crisis, the government decreed a 30% reduction in the tariff for customers consuming between 301 kWh and 1000 kWh.

Wednesday, March 25, 2020

The measure will grant a 50% reduction in electricity rates to customers consuming from 0 to 300 kWh, which represents about 70%, reported the National Public Services Authority (Asep).

See "Coronavirus: How Will It Affect Business?"

The Asep statement adds that "... While a 30% reduction in the rate will be granted to those who consume from 301 kWh to 1,000 kWh, a measure that will also benefit small and medium enterprises and achieve aid to about 95% of Panamanians for the period from April 1 to June 30 this year."

It was also agreed to suspend the cuts in service, in customers who report delays in their payments.

Coronavirus: How are the outlook changing for businesses in Panama?

We prepared for our clients the report "Information System: Covid-19 and Business Outlook" which helps companies to measure the impact that the crisis will have on their activity in the coming months.

Click here to request access to this report.



More on this topic

El Salvador: Post-Confinement Consumption Level

April 2020

When the local economy begins to return to normal, as isolation and mobility restrictions are relaxed, demand for health insurance is estimated to fall by 7%.

Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations in demand by Salvadoran households for different goods and services as the most critical phases of the spread of the covid-19 are overcome and the measures restricting mobility in the country are lifted.

Honduras: Forecast of New Consumption Levels

April 2020

When the local economy begins to return to the new normality, as isolation and mobility restrictions are relaxed, it is estimated that the demand for electricity by Honduran households will have decreased by 11%.

Using a demand/income sensitivity model developed by the Trade Intelligence Unit of CentralAmericaData, it is possible to project the variations in demand by Honduran households for different goods and services as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the country are lifted.

Nicaragua: Consumption Outlook

April 2020

Once the economy begins to return to normal, as the phases of the pandemic are overcome in the country, it is estimated that the demand for meals outside the home will have decreased by 13%.

Using a demand/income sensitivity model developed by CentralAmericaData's Trade Intelligence Unit, variations in demand by Nicaraguan households for different goods and services can be projected as the most critical phases of the spread of covid-19 are overcome and restrictive measures are lifted in the country.

Covid-19: More Tests to Revive the Economy

April 2020

Guatemalan businessmen believe that in order to reactivate economic activity in the country, it is necessary to restrict the number of people in public spaces and increase the number of tests performed on those who have signs of carrying the virus.

Because of the outbreak of the disease in Guatemala, which as of April 14 counted 180 cases, the government has decided to maintain measures restricting freedom of movement until April 19, including the transit and movement of people, crew, passengers and vehicles, in addition to the closure of most commercial establishments.

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