15 C
Friday, July 30, 2021
HomeBusinessEPRA Denies Reports Of Hiked Electricity Prices

EPRA Denies Reports Of Hiked Electricity Prices

Following incorrect reports alluding to an increase in electricity prices in the month of June 2020, The Energy and Petroleum Regulatory Authority informs the public as follows:

  • EPRA reviewed the base energy charge rates in July 2018 and these rates have been effective to date.
  • Each month, EPRA computes and gazettes the applicable pass through parameters i.e. Fuel Energy Cost (FEC), Forex Adjustment (FOREX ADJ.) and Water Resources Management Authority (WRMA) levy and reviews the Inflation Adjustment biannually.
  • The Inflation Adjustment and the WRMA levy have remained relatively stable over the past twelve (12) months.
  • Fuel energy costs have been declining as a result of good hydrology as well as the government’s efforts to shift away from expensive and dirty energy sources to cleaner and renewable sources of energy like solar and wind

EPRA remains committed to protecting the interests of energy consumers.

Facebook Comments
- Advertisment -

Most Popular

Facebook Comments
%d bloggers like this: