Consumers will pay more for electricity and water following an upward adjustment in tariffs by the Public Utilities and Regulatory Commission (PURC) for the third quarter of the fiscal year.
Effective toady, Tuesday,October 1,2024, electricity tariff will be increased by 3.06% and water will also go up by 1.86 % across board.
The PURC said the upward review for electricity, especially was due to the exchange rate effects on electricity generation cost.
‘The Commission, having reviewed and analysed its findings from the data on the macroeconomic and market-driven variables approve a 3.02% increment in electricity tariffs, largely driven by exchange rate effect on electricity generation cost, and a 1.86% increment in water tariffs across board’, explained the PURC statement issued on Saturday September 28, 2024.
During the second quarter utility tariffs review, starting July 1,2024, electricity went up 5.84%, water by 5.16%.
The PURC said it will ensure that utility service providers strictly complied with the Commission’s regulatory standards and benchmarks to protect consumers’ interest. SOURCE: Kasatintin.com
