PURC announces 6.5% reduction in electricity tariff for residential consumers effective April 1
The Public Utilities Regulatory Commission (PURC) has unveiled a series of adjustments to electricity tariffs aimed at providing relief to consumers.
Effective from April 1 to June 30, 2024, the changes in the electricity tariff are to alleviate the financial strain on specific segments of residential electricity users.
In a significant move, the PURC declared a notable 6.5% reduction in electricity tariffs for residential consumers utilizing between 301 kWh and above. This initiative seeks to mitigate the economic burden borne by households falling within this consumption bracket.
Crucially, the commission reaffirmed that lifeline consumers, accounting for those consuming between 0-30 kWh of electricity, will not experience any alterations in their electricity tariffs. Similarly, residential consumers utilizing between 0-300 kWh of electricity will remain unaffected by the adjustments, ensuring stability within these consumption tiers.
Moreover, the statement issued by the commission elucidated that while there will be no alterations to electricity tariffs for non-residential consumers within the 0-300 kWh consumption range, those exceeding 301 kWh will witness an average reduction of 4.98% in their tariffs.
In a bid to maintain stability across utility sectors, the PURC clarified that water tariffs for all consumer categories will remain unchanged despite the modifications to electricity tariffs.
The commission’s actions underscore a concerted effort to balance consumer affordability with the operational requirements of utility providers. These measures aim to foster an environment of sustainable consumption while addressing the financial challenges faced by consumers in the realm of utility expenditures.
