In Panama, the average cost in 2023 of residential electricity is around $0,170 per kWh while the cost for businesses is around $0,185 per kWh. This includes all components of the electricity bill such as the cost of power generation, distribution and taxes.
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The cost of electricity in Panama varies depending on user type and government subsidies. The government plans to expand renewable energy and upgrade infrastructure in the future.
The price of electricity for households and businesses in Panama, as of September 2023, is PAB 0.170 per kWh or USD 0.170 per kWh. This includes all components of the electricity bill such as the cost of power, distribution, and taxes.
Electricity in Panama has 3 rates, depending upon your use. If you use less than 300 kWh, your rate is subsidized. Which is how some people have monthly electricity bills of only $4. If you use between 300- 750 kWh, you pay at a higher rate. If you use more than 750kWh, you pay at the highest rate.
Our electricity bill in Puerto Armuelles is typically $35 per month. In Seattle, our summer electricity bill is about $300. Our highest winter bill was over $450 (we have electric heating). We do not have air conditioning, but we are heavy users of fans and have a big and old refrigerator.
Gas Natural Fenosa of Spain is in charge of almost all the electricity in Panama though. Gas Natural Fenosa merged with Union Fenosa in 2009 and since then they bought 51% of the electricity distributors Edemet and Edechi. And they keep expanding. Perhaps all these subsidiaries and companies maintain separate rate structures?
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