SEC to implement new electricity prices on 10 January 2016
Saudi Electricity Company (SEC) [5110.SE] will start applying new tariffs as of 10 January 2016 in accordance with the Cabinet's decision announced at end of December 2015. The new tariff will be applied to customers in the third and fourth tranche of residential consumption; the tariff will be SAR0.2 per kWh for 4,000-6,000 kWh/ month and SAR0.3 for over 6,000 kWh/month). Tariff changes will not affect lower consumption tranches and will not be applied retroactively. (Mubasher)
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