Confirmed : Electricity and water Tarrif goes up by 27.15% and 21.55%, respectively.
On September 1, 2022, the Public Utilities Regulatory Commission (PURC) will enact new tariffs.
Electricity and water rates are anticipated to increase by 27.15% and 21.55%, respectively.
This was stated in a press release the Commission released today.
In the aforementioned release, the PURC acknowledged the financial challenges consumers were facing but added that without these rate hikes, the energy suppliers might not be able to fulfill their purpose.
The PURC observed that the identical economic factors that have caused the significant increases suggested by the service providers also affect consumers in balancing the interests of the service providers and consumers.
The Commission did concede that some utility price hikes were unavoidable if the country was to avoid another power crisis and all of its consequences, including job losses.