Panamanian electric companies seek energy to supply high demand

Yesterday electricity distributors, Elektra Noreste y Edemet-Edechi, went looking to buy energy to guarantee the supply for the 2012 - 2022 period.

Wednesday, September 10, 2008

The purchase, which is medium and long term, is from existing generating companies or new electric generation projects, and will be for 205 megawatts (MW) for 2012 and 350 MW from 2013 to 2022 at the best prices offered in the generation market.

The importance of these competitive international moves is that 74% total cost of energy paid by consumers is greatly determined by this.

16 companies made 18 proposals for the purchase, nine of which were for hydroelectric plants, 2 for carbon companies and 5 for bunkers.

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In May, the national installed capacity amounted to 3,012 MW, made up of 26% hydro power using reservoir technology, 31% run of the river hydro, 34% thermal, 7% wind, and the rest is photovoltaic.

Contents page of a report by the National Public Services Authority:

Panamanian Electricity Market up to January 2015

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The average price of the total contracted capacity during January of the distributers Edemet, Ensa and Edechi was $14.51, $16.41 and $9.12 per kW / month, respectively.

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Several wholesale Panamanian electricity market players have sounded the alarm over distortions in the balance between supply and demand as a result of the changes proposed by ASEP.

The public consultation to which the National Authority of Public Services (ASEP in Spanish) submitted its proposes for rule changes for the calculation of prices in the wholesale electricity market, resulted in opposing views from power generators and the Chamber of Commerce, Industries and Agriculture of Panama.

Panama: Energy Offers for the Second Quarter

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Generating companies have presented their surplus energy offers to distributors around the country.

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