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Electricity rate hikes and new usage tiers
The Ministry of Electricity and Renewable Energy announced a roughly 12% increase in the prices of residential electricity consumption tiers, while maintaining the price of the first tier up to 50 kilowatt-hours unchanged to support low-consuming households. The increase was concentrated in the other tiers, with rises ranging from 9% to 15%, reflecting a policy of restructuring subsidies that decreases support as consumption rises. The ministry clarifies that the 12% increase does not result in the same percentage rise in all electricity bills, as the actual increase varies depending on the level of consumption. Citizens bear a larger share of the cost as their consumption increases, while government support continues for the lower-consuming segments.
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