President announces reduction in household electricity tariffs
President stated that all relevant agencies have been directed to take the necessary measures to manage the revised tariff structure in a sustainable way.
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President Mohamed Muizzu has announced a reduction in electricity tariffs for domestic consumers, effective from the first day of next month.
The President made the announcement on social media platform X on Friday, stating that he has instructed authorities to lower the domestic category electricity rates and to ensure the changes are implemented sustainably.
The revised tariff rates are as follows:
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Band 0–100 units: MVR 1.25 (previously MVR 1.50)
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Band 101–200 units: MVR 1.50 (previously MVR 1.70)
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Band 201–300 units: MVR 1.50 (previously MVR 2.15)
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Band 301–400 units: MVR 1.50 (previously MVR 2.50)
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Band 401–500 units: MVR 2.66 (previously MVR 2.95)
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Band 501–600 units: MVR 3.20 (previously MVR 3.55)
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Band above 600 units: MVR 3.83 (previously MVR 4.25)
The government had previously offered a 10 percent discount on electricity bills during this year’s Ramadan and the following month. High electricity charges during warmer periods have led to repeated public concerns.
President Muizzu stated that all relevant agencies have been directed to take the necessary measures to manage the revised tariff structure in a sustainable way.
