Mid-voltage consumers startled by 21% rise in electricity cost

Mid-voltage enterprises, primarily manufacturers, have been unsettled by the prospect of electricity cost increases of 21 percent as a result of power utility PPC’s revised pricing policy. Some of these consumers have already received notification of the hikes.

PPC’s tariff hikes have yet to be officially announced. According to sources, mid-voltage tariffs will be increased by 11 percent, which will be further burdened by a reduction of a punctuality discount, from 15 percent to 5 percent.

According to sources, mid-voltage consumers could also lose volume-based discounts currently available.

PPC’s pricing policy revisions coincide with a government plan to abolish NOME auctions, a setback for electricity retailers seeking lower-cost electricity, and, by extension, mid-voltage consumers looking to suppress their energy costs.