Electricity Tariffs Receive 4.22% Increment for Non-Lifeline Residential Customers, Water Tariffs Remain Stable”
The Public Utilities Regulatory Commission (PURC) has introduced a 4.22 percent increase in electricity tariffs, a development that impacts all non-lifeline residential consumers, affecting the average end-user.
According to the PURC, the primary motive behind this tariff adjustment is to uphold the genuine value of the cost associated with delivering utility services.
Under the new tariff structure, the existing rates remain unchanged for lifeline customers, industrial clients, and non-residential establishments such as hairdressing salons, barber shops, chop bars, tailoring and dress-making shops, cold storage facilities, and other small- to medium-sized enterprises. As a result, these customer segments will not witness any modifications or escalations in their electricity tariffs.
In terms of water tariffs, those designated as lifeline customers will enjoy a suspension of tariff adjustments, resulting in no increase or alteration (0%) to their rates.
The Quarterly Tariff Review Mechanism has been established to monitor and integrate shifts in pivotal factors that play a role in determining natural gas and electricity tariffs.
“The PURC acknowledges the continuous support of all stakeholders as it remains committed to executing quarterly tariff reviews in accordance with its Rate Setting Guidelines for Quarterly Review of Natural Gas, Electricity, and Water Tariffs.”