The Public Utilities Regulatory Commission (PURC) has announced a reduction in electricity tariffs by 1.52%, an official statement said on Thursday.
The commission, however, increased water tariff by 0.34%. It follows the conclusion of regulatory process for the quarterly adjustment of tariff by the PURC.
The quarterly tariff review mechanism seeks to track and incorporate changes in key factors used in determining natural gas, electricity and water tariff.
A statement issued by the PURC on 23 November said the review takes effect from 1 December.
“Electricity tariffs across board have been reduced by 1.52% for the fourth quarter of 2023,” according to the statement. “Water tariffs have increased by 0.34% for the fourth quarter of 2023.”
Below is the full statement:
Press Release QTR Reviewed … by KM
Credit: Asaaseradio
