As per a proposal ratified by the Majlis and Cabinet, electricity tariffs increased by 7% for all consumers and 23% for heavy consumers in 2019 and the policy will continue in 2020.
According to ISNA, the rule went into effect in May 2019, and the current rate of 2,100 rials (1.3 cents) per kilowatt hour will be raised to 1.4 cents in 2020.
The news agency added that power generation cost, including production and transmission, is close to five cents per kilowatt-hour.
Electricity, gas, gasoline and water are subsidized in Iran and successive governments have said that the heavy subsidies cannot be sustained due to chronic economic problems and declining government revenues due largely to US sanctions and other ills.
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