Electricity tariffs for residential consumers within consumption bracket of 301kWh are to drop by 6.5%, the Public Utilities Regulatory Commission (PURC) has announced.
The PURC said the review takes effect from 1 April to 30 June 2024.
According to the PURC, the marginal tariff reduction will benefit residential consumers within the consumption bracket of 301 kWh and above.
In a statement on Tuesday, 27th February, 2024, the PURC said “there will be no change in the electricity of lifeline consumers (0-30KWh) as well as for residential consumers within the consumption bracket of 0-300kWh.”
“There will however be an average reduction in electricity tariffs of 6.5% for residential consumers within the consumption bracket of 301kWh and above.”
“Tariffs within the 0-300kWh for non-residential class of consumers remains the same with no change in their rates. However, consumers within 301kWh and above class will experience an average reduction of 4.98%,” the statement added.
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