Electricity tariff will decrease by 28 cents for residential, commercial, industrial sectors | 01 April 2020
Electricity tariff will decrease by 28 cents for both residential, and commercial and industrial sectors for the coming period of April 1, 2020 to June 30, 2020, the Seychelles Energy Commission has announced.
In a communiqué released last night, the Seychelles Energy Commission (Sec) wrote that the weighted average fuel price charged to the Public Utilities Corporation (PUC) by the Seychelles Petroleum Company (Seypec) over quarter 1 2020 (January 2020 – March 2020) has decreased, equating to a 25 cents decrease in electricity tariff.
Further, recalling President Danny Faure’s remark, an additional 3 cents was calculated based on the extra benefit PUC will make from not adjusting the electricity tariff for the government sector. This has been added to the 25 cents. The decrease will take effect as of today April 1, 2020.
“Following a drop in international oil prices, PUC has seen a reduction in their cost of electricity production by 25 cents per unit. Government has decided that the electricity tariff for the public sector will remain the same. This will allow PUC to pass this extra benefit to the other sectors so that in the domestic sector people see a reduction in electricity tariffs by more than 25 cents per unit,” President Faure said in his first address on measures to address the COVID-19 situation on March 20, 2020.
Given energy is the backbone of a country’s economy, the Sec will continue to monitor the sector in this crisis, adds the communiqué.
In minimising the impact on the energy sector, the Sec would like to advise all consumers to adopt energy efficiency practices and save energy. Today’s wastage is tomorrow’s shortage.
Communiqué from the Seychelles Energy Commission