The Cabinet Council approved a contribution of 32 million 504 thousand 72 balboas with 21 cents to the Tariff Stabilization Fund (FET) to partially compensate electric power distribution companies for the contributions made to their customers with Simple Low Voltage (BTS) rates consuming up to 300 KWh.
This fund transfer aims to help cover the costs of stabilizing the electricity tariff and benefit users with lower rates. The Tariff Stabilization Fund is responsible for compensating distribution companies for the differences between generation costs and the revenue obtained through electric tariffs.
In the words of the Minister of Economy and Finance Eyda Varela de Chinchilla, "These additional resources will cover costs related to the generation, transportation, distribution, and marketing of electric energy." This measure seeks to ensure the stability and sustainability of the electrical system in Panama.
Furthermore, the decision made by the Cabinet Council also includes the authorization to allocate up to 100 million balboas to the Tariff Stabilization Fund. This fund plays a fundamental role in balancing the costs of generation and distribution of energy in the country.
In summary, the contribution approved by the Cabinet Council represents an important step in supporting electric power distribution companies and in the pursuit of maintaining stable and accessible electric tariffs for the Panamanian population.
