Stimulus brings major power price drop
The Government stimulus discount on power prices mean electricity will cost just $0.51 per kilowatt hours (kWh) until the end of September, down from $0.64 in per unit in March.
In a notice published by the Electric Power Corporation (E.P.C.) clarifying the new rates under its $8.6 million stimulus package, E.P.C. said the new rates came into effect on April 1 and are valid for six months.
Domestic usage between one and 100 kWh will cost $0.51 and 101 kWh and over will cost $0.65, down from $0.78 last month.
Non domestic rates for all usage will be at the flat rate of $0.65.
Hotels will be receiving 50 per cent off on their power bills for April, May and June.
Postpaid power rates are slightly different. Domestic rates are flat for all power use at $0.65 per kWh and non-domestic rates at $0.70 per kWh.
With schools and many workplaces closed during the state of emergency, children’s learning from home and adult’s working from home necessitate higher power usage.
The Government’s hope is to help citizens save some money by taking $0.10 sene off per unit of power and $0.20 sene per dollar off the water bills.
The difference is being paid by the Ministry of Finance and the E.P.C.
In his speech to Parliament announcing the measures, Minister of Finance Sili Epa Tuioti said he believes Samoa has the ability to weather the economic storm caused by the pandemic.
“We have at our fingers the necessary tools to ensure smooth sailing for our economy that will secure a quality of life for every citizen,” he said.