Posted 4/8/2024, 2:06:33 AM
Electricity Tariff Structure Under Fire: Higher Rates Lead to Affordability Issues, Revenue Declines and Economic Impacts
- Electricity tariff hikes have failed to reduce circular debt and instead led to higher T&D losses and lower consumption
- Increasing tariffs makes electricity unaffordable, reduces productive usage and economic growth
- Surcharges on bills reduce incentives for utilities to improve while increasing costs for compliant consumers
- Using electricity bills for tax collection negatively impacts distribution companies' revenues
- The progressive tariff structure unfairly burdens compliant consumers
