Panama to increase electricity rates by 10%

The Government of Panama has authorized a 10 percent increase in electricity rates. The new rate could come into effect as early as July, depending on the consumption of electricity by Panamanians.

Thursday, June 12, 2008

The Panamanians will have to face a new increase in their light bills because not only will they pay for fuel clause that appears on their light invoices, they will also pay another 10 percent in direct billing.
The discount for those who spend less than 500 kilowatts per month will be maintained.

More on this topic

21% Increase in Industry Electricity Prices

January 2013

The National Authority of Public Services in Panama doubled the anticipated increase in the cost of electricity for industrial uses.

The price of electricity in the industrial sector in Panama increased 21% for the first half of 2013.

This increase doubled the rate established by the National Authority of Public Services (ASEP), on June 26, 2012 for the first six months of this year.

Further Increases in Electricity Rates in Costa Rica

August 2012

Large scale customers of the Instituto Costarricense de Electricidad (ICE) will pay an extra 23% on their electric bill if the requested increase is approved by the regulator.

Delays in the start up of new hydroelectrical projects by the ICE and the low amount of rainfall this year are taking their toll in the form of cost increases in power generation because of the increase in purchases of bunker and diesel for power plants.

El Salvador: Water Prices Increase Up to 245%

October 2009

Non residential consuming more than 6 cubic meters will pay between 100% and 245% more, depending on water volume.

Those who consume less than 6 cubic meters of water per month will continue paying the minimum rate of $3.76 and $0.10 for sewer usage.

These increases will came into effect on December.

Electricity rates to rise in Panama

June 2008

The cost to businesses of turning on the lights will go up by between 0.2 and 2.4 hundredths of a cent per kilowatt hour.

Panama's Chamber of Commerce, Industry and Agriculture estimates that this could convert into an increase of up to 10 percent in electrical bills for its members.

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