GOV'T REDUCES ELECTRICITY TARIFFS BY 40 AND 50 PERCENT

Government has agreed to reduce electricity tariffs by 45% and 50% for lifeline consumers and vulnerable groups.

The relief will translate into the following rate:
0-50 = 45%
51-300= 50%

This means all consumers between the 0-50 band will have a 45% reduction in their electricity tariff while the 51-300 band will have 50% reduction.

Tariffs for all other consumption bands remain unchanged.

This was contained in the Memorandum of Understanding between government and Organised Labour on the electricity tariffs and energy sector levies issued on Wednesday.