STELCO to revise May electricity bills under low tariff rates
Fenaka has also announced that May electricity bills will be adjusted to reflect the reduced tariff rates.
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The State Electric Company Limited (STELCO) has announced that electricity bills for May will be recalculated based on the revised household tariff rates introduced by the government.
President Dr Mohamed Muizzu announced last Friday that household electricity tariffs would be reduced starting from June. In line with this, STELCO stated that the lower rates will also be applied retroactively to bills for May.
STELCO currently supplies electricity to the Greater Malé Region, including Malé, Hulhumalé, and Vilimalé. In addition to the capital region, STELCO provides electricity to:
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All islands in Alif Dhaal Atoll, except Maamigili
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All islands in Vaavu Atoll
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All islands in Kaafu Atoll, except Huraa
Fenaka Corporation, which supplies electricity to more than 150 islands across the Maldives, has also announced that May electricity bills will be adjusted to reflect the reduced tariff rates.
Fenaka is the main electricity service provider for a large number of islands across the Maldives. The company operates in over 150 inhabited islands, including Addu City, Fuvahmulah City, HDh. Kulhudhuffushi, and GDh. Thinadhoo.
Both utility providers have stated that customers who have already paid their May bills will see adjustments in their June billing statements. Customers who have not paid their May bills will be invoiced at the revised rates.
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)
