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Changes to Law on Electrical Energy

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Changes to Law on Electrical Energy

In Panama, a bill is being discussed which would modify the legal framework of the electricity sector, and among the proposed changes is setting limits on concessions granted to companies.

Monday, March 26, 2018

The National Assembly of Panama reported that " ...The Trade and Economic Affairs Commission continued discussion of Bill 573, which modifies the regulatory framework for the provision of electricity services, with a reading of the modifications presented by the parties."

See "Central America: $1.2 billion in energy projects"

Among the most signficant changes included in the Bill which is being discussed, is the limit that companies and their concessions would have on the consumption of electricity in the domestic market, the statement added that "... Among the modifications is a proposal by deputy Crescencia Prado  of a ceiling of 30%, since some companies are asking for a limit of 40% of energy. During this meeting, the subject of energy and power was discussed, in order to reach an agreement regarding the restrictions."

See also "Energy Projects in Panama"

Regarding changes to the legal framework of the Panamanian electricity sector, Nanik Singh, regional director of Central America and the Caribbean at Grupo Innovent, told Prensa.com that " ...'This law should be used so that regulation and laws go hand in hand with technology, to achieve a true decarbonization of the matrix and energy independence.'"



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