The Public Utilities Regulatory Commission (PURC) has increased the end-user electricity tariff by 4.22% and that of water by 1.18%.
According to the Commission, the new tariffs are expected to take effect on September 1, 2023.
This decision comes after a review carried out for the third quarter of 2023 by the PURC.
The primary objective behind the tariff adjustment is to ensure that the real value of the cost of providing utility services is upheld, a statement said.
However, there will not be any increment for lifeline customers, industrial customers, and non-residential customers like hairdressing saloons, barbering shops, chop bars, tailoring and dress-making shops, cold stores, and other small- and medium-scale businesses.
For water, a 1.18 percent increment was approved for all customers except lifeline customers, who will see no increment in tariffs.
“The PURC is continually grateful to all stakeholders for their support as it continues to implement quarterly tariff reviews in accordance with its Rate Setting Guidelines for Quarterly Review of Natural Gas, Electricity, and Water Tariffs. The Commission wishes to assure its stakeholders that it will continue to monitor the operations of the service providers to ensure quality delivery of service while balancing the interests of Consumers and Utility Service Providers,” PURC’s statement added.