Electricity prices for businesses in Malé area increased

Electricity price for the businesses in the Malé Area has been increased.

A circular issued by the Maldives Energy Authority said that three more unit bands have been increased over 600 band unit for the “Business” category.

The newly introduced bands are:

• 600 - 3,000 Unit with a tariff of MVR 4.35

• 3,000 - 10,000 Unit with a tariff of MVR 5.75

• 10,000 Unit and above with a tariff of MVR 6.65

Units and tariff rate before the change:

• 0 - 100 Unit with a tariff of MVR 3.30

• 101 - 300 Unit with a tariff of MVR 3.35

• 301 - 500 Unit with a tariff of MVR 3.65

• 501 - Unit with a tariff of MVR 4.00

• 600 Unit and above with a tariff of MVR 4.35

The Energy Authority said that they have authorized STELCO to charge MVR 0.03 per kilowatt for every MVR 0.10 increase for the price of diesel going above MVTR 8.00.