MOEP announces electricity rate increase effective Sept 1

Published 30 August 2024

EMG

The Ministry of Electric Power (MOEP) announced on August 30 that electricity bills will be increased, from the previous maximum of 125 kyats to 300 kyats for household use and from the previous maximum of 180 kyats to 500 kyats for commercial use starting September 1.

According to the agreement of the Union Cabinet Meeting No.5/2024 held on July 5, 2024, the electricity rates will be 50 kyats for household use from 1 to 50 units, 100 kyats from 51 to 100 units, 150 kyats from 101 to 200 units, and 300 kyats from 201 units and above.

The electricity rates will be fixed 250 kyats for non-household use such as industries, businesses, one-off, temporary use, street lights, government offices, state-owned industries, state-owned businesses, river water supply, municipal offices and enterprises, non-governmental organizations, foreign embassies, and international organizations from 1 to 5,000 units, 400 kyats from 5,001 to 20,000 units, and 500 kyats from 20,001 units and above.

Therefore, the electricity rate adjustment issue has been submitted to the Union Government in accordance with Section 41 of the Electricity Law of 2014 and the revised electricity rates will be effective from the September 1.

According to the increased rate on July 1, 2019, the electricity rates for household use were 35 kyats from 1 to 30 units, 50 kyats from 31 to 50 units, 70 kyats from 51 to 75 units, 90 kyats from 76 to 100 units, 110 kyats from 101 to 150 units, 120 kyats from 151 to 200 units, and 125 kyats from 201 units and above.

The electricity rates for commercial use were 125 kyats from 1 to 500 units, 135 kyats from 501 to 5,000 units, 145 kyats from 5001 to 10,000 units, 155 kyats from 10,001 to 20,000 units, 165 kyat from 20,001 to 50,000 units, 175 kyats from 50,001 to 100,000 units and 180 kyats from 100,000 units and above.

Since the supply of electricity is essential for the development of the nation's social life and economic development, the ministry has upgraded, built and maintained large power plants and power lines and it has been informed that there is a need to prepare and set electricity rates as the cost of production increases according to the financial year in order to produce and distribute more stable electricity to the people who use electricity through foreign investments.