Cape Verde’s regulatory agency announced on the 3rd a “general reduction in electricity tariffs” across the archipelago, ranging between 5% and 8%, depending on the consumption tier.
Households consuming up to 60 kilowatt-hours (kWh) per month will now pay 26.55 escudos (24 euro cents) or 30.27 escudos (27 cents) per unit, depending on the supplier — either the state-owned Empresa de Distribuição de Eletricidade de Cabo Verde (EDEC) or Águas e Energia da Boa Vista (AEB).
The update includes other consumption tiers and took into account “the evolution of fuel prices used in electricity production and the recovery of the tariff deficit,” explained the Multisectoral Economic Regulatory Agency (ARME).
The Cape Verdean government is currently carrying out investments, supported by the European Union (EU), to ensure that by 2030, renewable sources will supply 50% of the islands’ electricity.
Source: Lusa
