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:

   
   
   
 

US Sanctions on Nord Stream 2 Coming

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”.
 

Lynas to move upstream processing of rare earths from Malaysia to Australia

Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located.
 

Iran to Offer Petrochemical Products, 10,000T Naphtha on Energy Bourse

Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass the US unilateral sanctions.
 

Iran-Czech Ties to Widen Economic Areas

Officials from Iran and the Czech Republic signed a memorandum of understanding (MoU) to strengthen economic cooperation in energy, auto-making and rail transport sectors.
 

Iran, Azerbaijan Pledge to Expand Cooperation in Fields of Communications

Tehran and Baku signed a protocol outlining the framework for expansion of bilateral ties and cooperation in the fields of communications infrastructure, the Internet, space and satellite development, cyber security, and management of frequencies and signals.
 

Iran Boosting Gas Exports to Iraq

An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners