Gov’t to Raise Electricity Price on Segments Soon

تم نشره في Fri 10 June / Jun 2016. 12:00 AM
  • Electric Power Generation Station - (Archives)

AMMAN —Al Ghad— Informed sources say the government is inclined to increase electricity price on segments soon, given the increase in oil prices globally, in order to help maintain the breakeven point for the National Electricity company, arrived at earlier this year.

Sources also underline that International Monetary Fund (IMF) terms prerequisite the retention of the breakeven achievement attained by the global drop in oil prices, but no official provision of condition has been placed to review the pricing segments of electricity, as no raises have been incurred since 2015.

According to the Ministry of Finance, the National Electricity Co. has been loaned JOD5.5 billion over past years, and is currently working on paying off their financial debt, as overall national deficit ended up comprising 6.1 per cent of national GDP in 2015, exceeding the IMF credit facilitation programme target for last year at 3.5 per cent.