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Parliament debates electricity price hike
The Ministry of Electricity announced a roughly 12% increase in the average electricity rates, while maintaining the price of the first tariff block for domestic consumption. The aim is to offset rising production costs and to support the continuity of government subsidies. The increase raises concerns about its impact on low- and middle-income households, especially amidst inflation and rising living costs, as electricity has become a basic service that influences daily expenses including water, communications, rent, and education. The Parliament urged the government to disclose the studies and economic and technical justifications underlying the decision to raise prices, as well as how it might affect inflation rates. They also called for clarification on the expected savings from the increase, how these savings could be invested to improve and develop the grid, and the role of renewable energy projects in reducing costs. Without such information, the effects of the increase on citizens, particularly on low-income groups, will remain unclear.
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