Myanmar electricity rates to soar next month

  • The government announced that it will increase electricity rates for both residential and business users starting from July. This is the first change in power tariffs since 2014.
  • The Ministry of Electricity and Energy (MOEE) proposal to change the rates was approved by parliament in April.
  • Under the new rates, residential households and religious buildings will continue to pay at the previous rate at K35, but only for up to 30 units. Consumers will be charged K50 for 31-50 unit, K70 for 51-75 unit, K90 for 76-100 unit, K110 for 101-150, K120 for 151-200, K125 for over 201.