Panama Cabinet Approves $64.6 Million for Electricity Tariff Stabilization

The Panamanian government, through its Cabinet, has taken a decisive step to alleviate the financial burden on citizens by approving a significant contribution to the Electricity Tariff Stabilization Fund (FET). This measure, amounting to $64.6 million, directly addresses the cost of electricity for 930,000 households that consume less than 300 kWh per month. By compensating distribution companies for the discounts provided, the state ensures that these essential savings for consumers are maintained throughout the second half of 2025. The decision, formalized by Resolution N.º 42-25 and supported by the National Economic Council (CENA), underscores the administration's commitment to energy affordability. This intervention is crucial for many families, particularly those in lower-income brackets, who rely on these subsidies to manage their household budgets. The Authority of Public Services (ASEP) played a key role in quantifying the necessary support, highlighting the government's proactive approach to managing energy costs and ensuring stability in the sector. This move is expected to provide much-needed relief and demonstrate the government's responsiveness to the economic realities faced by its citizens.