The Public Utility Regulatory Commission (PURC) has announced a 6.5% reduction in electricity tariffs for residential consumers using between 301kWh of electricity.
In line with the PURC’s quarterly review process, the revised adjustment will be effective from April 1, 2024, until June 30, 2024.
According to PURC, the reduction will help lessen financial stress on consumers within the consumption bracket.
Also, the PURC clarified that lifeline customers, who use between 0 and 30 kWh of electricity, will not see any adjustments to their electricity rates.
“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 PURC stated.
For water, the commission stated that tariffs for all categories will remain the same.
See full statement:
