Electric Power Corporation has announced a revised tariff structure for electricity to be effective on 1st August 2016 until 30 June 2017.
“This is to ensure that EPC continues to provide sustainable and affordable electricity rates for all our consumers”, the General Manager, Tologata Tile Lei’a says.
The reduction in electricity rates for both homes and businesses was approved by Cabinet at its sitting last Wednesday.
The revised tariff structure reflects the removal of the three-tier categories for home consumers using post-paid meters and replaces it with with a two-tier category for home consumers on prepaid meters. Meanwhile, the tariff structure is broken down into three components namely (i) Usage Charge, (ii) Debt Charge and (iii) Energy Charge. Both Usage Charge and Debt Charge are fixed until 30 June 2017 while Energy Charge varies or changes every month depending on world diesel fuel/oil prices and renewable energy contribution. The energy charge is reviewed every month and approved by the Office of the Regulator.
“For home consumers on post-paid meters, they will be charged a fixed rate of 36 sene (Usage and Debt Charges) plus 33 sene for Energy Charge for all units used. The 33 sene Energy Charge for August 2016 will be adjusted every month for all units used” Tologata explains.
He added that home consumers on prepaid meters will be charged on the two categories of;
1) 1 to 100 units used will charge a fixed rate of 22 sene (Usage and Debt Charges) plus 33 sene for Energy Charge for August and will vary every month,
2) 101 and more units used will charge a fixed rate of 36 sene (Usage and Debt Charges) plus 33 sene for Energy Charge for August and will vary every month.
On the other hand, business consumers will be charged by one tier with a fixed rate of 36 sene (Usage and Debt Charges) plus 33 sene for Energy Charge for August and will vary every month.
Home consumers on post-paid meters will be charged a fixed rate of 36 sene (Usage and Debt Charges) plus 33 sene for Energy Charge for August for all units used. The Energy Charge will vary every month. Business consumers will be charged a fixed rate of 46 sene (Usage and Debt Charges) plus 33 sene for Energy Charge for August and will vary every month.
As a result of the much lower new rates for prepaid meters as compared to post-paid meters, the 2% discount that was applied for prepaid meters and advance payment of bills has now being removed.