BUSINESS NEWS
Electricity tariff up by 5.94%, water 2.22%
The Public Utilities Regulatory Commission (PURC) has announced an upward adjustment of electricity and water tariffs.
Electricity is up by 5.94%, while water is up by 2.22%. The increases take effect from October 1, 2019.
A statement issued by the PURC, Monday explained that the increases were determined by the Automatic Adjustment Formula which considers eight factors including inflation, in arriving at the review.
Read statement below:
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