THE ENERGY regulator (CERA) decided yesterday to cut electricity bill prices by 5.0 per cent because of the economic crisis.
The reduction across all basic Electricity Authority (EAC) tariffs will be effective from the end of April for monthly bills and in May for two-month bills, CERA said. The cut will be temporary and will be reviewed every two months to take into account the country’s economic situation and the EAC’s commitment to reducing expenses, the regulator said. CERA has asked the EAC to submit a monthly report.
“The decision was due to the economic crisis sweeping the island (and) the need to temporarily mitigate the serious consequence of the economic crisis to consumers,” CERA said in an announcement.Read More