{"id":1058,"date":"2017-12-13T17:26:59","date_gmt":"2017-12-13T17:26:59","guid":{"rendered":""},"modified":"2017-12-13T17:26:59","modified_gmt":"2017-12-13T17:26:59","slug":"brace-yourselves-residential-electricity-rates-are-going-to-rise-this-january","status":"publish","type":"post","link":"https:\/\/lovin.co\/riyadh\/en\/news\/brace-yourselves-residential-electricity-rates-are-going-to-rise-this-january\/","title":{"rendered":"Brace Yourselves: Residential Electricity Rates Are Going To Rise This January"},"content":{"rendered":"
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However, not for all.<\/p>\n

According to the Saudi Gazette<\/a>,<\/i> the Council of Ministers has approved a gradual revision of energy prices in the country including electricity tariffs starting from Jan. 1. 2018.<\/p>\n

Residential consumption of 1-6000 KW\/h per month will now cost 18 halalas KW\/h. If one\u2019s consumption is more 6000 KW\/h then the cost will be 30 halalas KW\/h.<\/h3>\n

For commercial consumption, the rates are somewhat similar with consumptions of 1-6000 KW\/h per month costing 20 halalas KW\/h and consumptions above 6000 KW\/h costing 30 halalas KW\/h.<\/p>\n

Tariffs for the industrial and government consumption have no changes in them.<\/p>\n

In addition to these charges, VAT may also be applied to electricity bills.<\/h3>\n

The Electricity and Cogeneration Regulatory Authority, ECRA, has announced that \u201cThis step will raise our economic efficiency, will strengthen our non-oil sectors as they become our economic development engine, and will rationalize the consumption of natural resources for future generations.\u201d<\/p>\n

The changes to the electricity tariffs as pointed out by ECRA will help redirect support to the most deserving beneficiaries through the Citizen\u2019s Account.<\/p>\n

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