The Public Utilities Regulatory Commission (PURC) has announced an 18.36% increase in electricity and natural gas tariffs for all consumer groups following its review of the second quarter of 2023.
This decision was made in order to prevent prolonged power outages and the associated negative impacts on employment and livelihoods, while also trying to minimize the effect of the rate hike on customers.
The Quarterly Tariff Review Mechanism was employed to take into account the changes in the key factors used to determine electricity and natural gas rates.
Source:Mybrytfmonline.com
