Industrial Power Tariffs to Rise 400%

All industrial units that consume more than 2 megawatts of electricity per month will be charged 2.5 cents per kilowatt hour as of the next fiscal year (starting March 2022), the head of Thermal Power Plants Holding Company said.
“Industries are levied 0.5 cent per kilowatt hour currently and the 400% rise is expected to help the cash-strapped Energy Ministry meet its financial requirements,” Mohsen Tarztalab was also quoted as saying by Mehr News Agency.
As per the new bill passed by the Majlis, electricity tariffs for energy-intensive industries, namely cement factories, oil refineries and petrochemical and steel companies, will increase fivefold as of March 2022.
Industries account for 40% of Iran’s annual power consumption of 280 billion kilowatt hours.