Business News Tue, 1 Oct 2019

Electricity tariff up 5.94%, water 2.22%

Three months after the last adjustment, the Public Utilities Regulatory Commission has announced an upward review of electricity by 5.94%

It also announced increase water tariffs by 2.22% bringing the combined increase to over 8%.

In a statement Monday, the PURC explained, the increase in tariffs was determined by the Automatic Adjustment Formula (AAF) which considers eight factors including inflation, in arriving at a review.

PURC announced, consumers should expect the increase to kick in on October 1, 2019.

The PURC in June 2019 announced a 11% increase in electricity which took effect July 1.

Source: Myjoyonline.com
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