Jordan to raise electricity price from March

Source: Xinhua| 2018-03-01 01:57:46|Editor: yan
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AMMAN, Feb. 28 (Xinhua) -- Jordan will increase price of electricity for all sectors, including industrial and households, starting from March 1, the government said Wednesday.

The money paid per kilowatt-hour will be raised from 0.012 dinars (0.017 U.S. dollars) to 0.014 dinars for all sectors, said Farouq Hiari, chief commissioner of the state-owned Energy and Minerals Regulatory Commission.

The average price of a crude oil barrel in the last three months rose to 66.2 dollars per barrel, exceeding a 55-dollars cap set by the government of Jordan to keep electricity tariffs unchanged.

Electricity prices are announced at the end of each month and are based on the average price of crude oil over the previous three months, said Hiari.

"The increase will affect all economic sectors including the industrial and households. But households that consume 300 kWh and less will not witness any increase in their bills," he said.

Jordan, which imports 96 percent of its energy needs annually, is working on several energy projects to increase reliance on renewable energy, oil shale and renewable energy to reduce costs of electricity and meet rising demands.