The Public Utility Regulatory Commission (PURC) has announced that there will be a moderate increase in utility tariffs starting from September 1st.
The decision comes as part of the quarterly adjustment process aimed at balancing fair pricing and sustainable service delivery.
The increase will see electricity tariffs rise by 4.22% while water tariffs will increase by 1.8%.
The quarterly adjustment process is a method adopted by the PURC to ensure that utility tariffs remain aligned with the evolving economic landscape.
This process accounts for various factors such as inflation rates, exchange rates, fuel prices, and operational costs incurred by utility service providers.
The objective is to ensure that utility companies can continue to provide reliable services while also operating in a financially sustainable manner.
