President Dr Mohamed Muizzu has once again offered a compassion to the people by announcing a reduction in household electricity tariff rates effective from 1 June.

In a post shared on social media platform X, the President said that the domestic category electricity tariff rate will be significantly reduced from 1 June. The President said he has also directed the relevant authorities to take all necessary steps to ensure the sustainable implementation of the new rates.

Following the decision, the President also shared a breakdown of the revised tariff structure in his post, giving the current rates as well as the new rates.

The move is expected to bring relief to the familial expenses, specially alleviate the existing financial burden due to the present high rates.  

The changes in electricity tariff rates are as follows:

Band 0-100:  from 1.50 to 1.25

Band 101-200:  from 1.70 to 1.50

Band 201-300: from   2.15 to 1.50 

Band 301-400: from 2.50 to 1.50

Band 401-500:  from 2.95 to 2.66

Band 501-600:  from 3.55 to 3.20

Bands above 600:  from 4.25 to 3.83  

The reduction in household electricity tariff rates comes amid growing public concern over rising electricity bills.