Browsing: Multi-year Tariff Order

The commission said changing the tariff update period to monthly or quarterly would allow operators to recover their efficient cost promptly without delay thereby boosting market liquidity. “Electricity consumers will immediately bear the full brunt of risks associated with macro-economic changes in the economy,” it stated.

The federal government plans to recover the $7.6bn fund by way of hiking the present electricity tariff outlined in the Multi-Year Tariff Order (MYTO) 2015. It has therefore considered four options and the Working Group is making a decision on which of the hike options to adopt shortly.