NEWS
Water   Electricity  

Rise in Electricity and Water Tariffs in Iran

Aproposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported.

According to the news agency, power generation cost, including production and transmission, is 2 cents per kilowatt-hour. Electricity is presently sold at 0.7 cents per kWh.

Data released by the ministry show that among 200 countries, Iran sells the cheapest power on average after Egypt, Kuwait and Myanmar (Burma).

The new rule puts water charges for users at about 10,700 rials (10.7 cents) per cubic meters.

The Energy Ministry says the higher tariffs are aimed at compensating a part of distribution costs and encouraging subscribers to consume less.

According to energy experts including Mahmoud Reza Haqifam, a deputy at the Iran Power Generation, Distribution and Transmission Company, as long as electricity prices are not adjusted upwards, the problem of overconsumption and waste will persist.

Referring to the unacceptably high energy consumption rates that are reportedly 14 times that of Japan, Haqifam said if effective measures are not taken to check the current pattern, "we will face serious challenges in generating energy for future generations." 

"One comparison between Iran’s energy consumption and global figures indicates that the world's primary energy consumption increased 27% in the past decade, while our overall energy use rose by 80%," he said.

News No: 4203
Date: 2019/04/06 - 21:46
News Source: Financial Tribune

Electricity  Water  Tariffs  Energy  Haqifam 

Comments:

Leave a Comment:

   
   
   
 

Analysis: China's coal addiction is too deep to quit too soon

Singapore — China's voracious appetite for coal may be nearing its peak consumption level, but the country's love affair with one of the cheapest fuels is unlikely to end anytime soon, despite Beijing's efforts to turn the skies of Asia's biggest energy consumer blue.
 

China’s NEVs production declined 9.6% M-o-M in October: NBS

According to the National Bureau of Statistics, China’s new energy vehicles production in October stood at 85,000 units, down 9.6 per cent from a month before and 39.7 per cent from the same period last year.
 

Global Oil Demand to Hit a Plateau Around 2030

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
 

NIOC to Sell 6mln Barrels of Crude Oil, Condensates at Energy Exchange on Monday

The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
 

Private Energy Farms in Iran to Enjoy National Grid for Exporting Electricity

Iran’s Energy Ministry has operationalized a scheme of swap mechanism allowing private owners of electricity farms across the country to export power through the national grid to all of the neighboring countries of Iran.
 

IEA WEO talks up US shale role

US shale production is likely to stay "higher for longer", reducing the share of Opec members and Russia in the global oil supply, the IEA said in this year's World Energy Outlook (WEO).
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners