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No increase in electricity rates - FOR NOW

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No increase in electricity rates  - FOR NOW


Posted 28/07/2023

The National Authority for Public Services (Asep) issued a statement in which it clarified to the general public and electricity market agents that up to now no increase in the electricity rate applicable to Large Customers has been established nor has a decision been made on a possible rate increase.

The institution's response comes after the Association of Large Electric Clients of Panama (Agrandel) warned about the possible increase in the charges for generated power and residential rates in recent days.

The Asep pointed out that the consultation period related to the "Distribution and Commercialization Rate Sheets of the electricity distribution companies" has not concluded, therefore, "we cannot speak of an increase in the electricity rate".

They added that the consultation, which was open to receive comments from all citizens from July 13 to 27 and is being carried out to comply with the Transparency Law, has not ended because the review phase of all comments remains open. received to respond as part of what establishes the market rules.


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No increase in electricity rates for six months - ASEP


Posted 01/08/2023

The administrator of the Public Services Authority (ASEP), Armando Fuentes, reiterated in AM News that electricity rates for regulated customers will not increase, this after doubts that have arisen as a result of public consultation that the tariff schedule was opened for what will be, which must be reviewed every 4 years.

According to TVN sources, the rate of return requested by the distribution companies was not granted, nor was what was requested by the Electric Transmission Company SA (Etesa) as a regulated subject; on the contrary, it has gone down because they are trying to make companies more efficient.

He explained that when making the consultations, the specifications are placed as they are set by the distributors and logically, the decision of what happens or not, will be made by the ASEP.

The tariff schedule must be approved by the end of September, so, according to sources, for the next 6 months there will be no increase in electricity service.

"In the month of September I have to hold a public act to communicate how much the rate is, we are neither programming a rate increase, nor agreeing to a rate increase with distributors, nor do we want it, nor will we allow it," he assured.


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Electricity Rate Increase for Panama July First is Suspended


 Posted 23/06/2024

Electricity rates will not increase for the second half of this year as of July 1st, and you can thank President-elect Mulino for this.  He had complained bitterly about electrical services and power failures in Panama in recent weeks, and he was going to fix it.  To have an increase as of July 1st, his first day as President, would not be well received.  We are being told that the scenarios changed and new calculations and studies were carried out that showed that an increase in service was not required.  This was explained by the Secretary General of Energy designated Juan Manuel Urriola.  “We realized that there was going to be a rate increase in all the distributors and we met with all the distribution companies and the regulatory body (ASEP) and made the adjustments. Normally the rates are managed with some assumptions and based on that we sat down with the distributors and we have managed to stop the increase for the second semester.  In the Edechi area there will be some increases, but the adjustments will be announced by President Mulino,” Urriola said.  The legislation establishes a review of the rate each semester to determine whether or not increases are made in the electric service according to costs.  The adjustments were going to be applied to ENSA and Naturgy customers after the Public Services Authority (ASEP) published the premises and tariff specifications.  However, Urriola confirmed that analyzing the new scenarios did not correspond to the adjustments. Sector sources indicated that the adjustment that was contemplated was between 6% and 10%. Customers who consume up to 300 kilowatt hours per month have maintained the state subsidy.


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