The Public Utilities Regulatory Commission (PURC) has announced a 4.22 percent increase in electricity tariffs for all non-lifeline residential customers.
According to the PURC, the increment was approved after a review carried out for the third quarter of 2023.
A statement issued by the PURC said the increment is to ensure that the real value of the cost of providing utility services is upheld.
Existing rates for lifeline customers, as well as for industrial customers and non-residential were maintained.
They include hairdressing salons, barbering shops, chop bars, tailoring and dress-making shops, cold stores, and other small- to medium-scale businesses.
The statement said these categories of customers will not experience any changes or increments in their electricity tariffs.
For the water tariffs, the lifeline customers will also benefit from a freeze on tariff adjustments, with no increase or alteration (0%) in their rates.
But for all other categories of water consumers, the PURC has approved a 1.18 percent increase 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 said.
Read the full statement below