May Electricity Bills to Reflect New Reduced Tariff Rates, STELCO Confirms

The State Electric Company Limited (STELCO) has announced that electricity bills for May will be recalculated to reflect the revised household tariff rates recently introduced by the government.

This follows President Dr Mohamed Muizzu’s announcement last Friday that household electricity tariffs would be reduced starting in June. STELCO confirmed that the lower rates will be applied retroactively to May bills.

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STELCO supplies electricity to the Greater Malé Region, including Malé, Hulhumalé, and Vilimalé. It also provides electricity to all islands in Alif Dhaal Atoll, except Maamigili; all islands in Vaavu Atoll; and all islands in Kaafu Atoll, except Huraa.

Meanwhile, Fenaka Corporation, the primary electricity provider for over 150 islands across the Maldives, has also announced that May electricity bills will be adjusted to reflect the reduced tariffs. Fenaka serves a wide range of areas, including Addu City, Fuvahmulah City, HDh. Kulhudhuffushi, and GDh. Thinadhoo.

Both STELCO and Fenaka have stated that customers who have already paid their May bills will see adjustments in their June billing statements. Customers who have yet to pay their May bills will be invoiced at the revised rates.

The updated tariff rates are as follows:

• 0–100 units: MVR 1.25, reduced from MVR 1.50
• 101–200 units: MVR 1.50, reduced from MVR 1.70
• 201–300 units: MVR 1.50, reduced from MVR 2.15
• 301–400 units: MVR 1.50, reduced from MVR 2.50
• 401–500 units: MVR 2.66, reduced from MVR 2.95
• 501–600 units: MVR 3.20, reduced from MVR 3.55
• Above 600 units: MVR 3.83, reduced from MVR 4.25