STELCO Explains Unchanged Electricity Bills Despite Tariff Reduction

State Electric Company (STELCO) has attributed the apparent lack of change in electricity bills to previous Ramadan discounts, following public concern over inflated charges despite a recent reduction in power tariffs.

In a post on X, the company clarified that while tariffs have been lowered as part of the state budget approved for this fiscal year, residents may not yet observe a noticeable decrease in their bills due to Ramadan discounts applied to the previous two billing cycles. STELCO stated that the impact of the new tariff will become clearer when comparing bills from December 2024 or January 2025 with those issued at the revised rates.

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ރައީސުލްޖުމްހޫރިއްޔާ ޑރ. މުހައްމަދު މުޢިއްޒުގެ ނިންމެވުމާއި އެއްގޮތަށް މެއި މަހުގެ ކަރަންޓު ބިލްތައް ތައްޔާރުކޮށްފައިވަނީ އަގުހެޔޮކޮށްފައިވާ ޓެރިފް ރޭޓްތަކަށް. މި ބަދަލާއެކު ކަރަންޓުބިލް ދެއްކުމަށް ރައްޔިތުން ކުރާ ހޭދަ ކުޑަވެގެންދާނެ. މީގެ އިތުރުން ރައީސް މުޢިއްޒުގެ ނިންމެވުމާއި… pic.twitter.com/zNbAZHGnTX— STELCO (@STELCOMALDIVES) June 2, 2025

The new electricity tariff, which came into effect on 1 June, retains the general subsidy for all consumers. Rates have been reduced across all consumption bands, with the most significant changes seen in mid-level usage brackets. For example, units consumed between 201 and 400 kWh will now be charged at MVR 1.50, down from MVR 2.15 and MVR 2.50, respectively. Meanwhile, the lowest band, 0–100 kWh, has been reduced from MVR 1.50 to MVR 1.25 per unit, and the highest band, over 600 kWh, from MVR 4.25 to MVR 3.83.