Jordan said Monday it will raise electricity prices this week by between 9%-17% to offset losses caused by cut-offs in Egyptian gas supplies.
Jordan said Monday it will raise electricity prices this week by between
9%-17% to offset losses caused by cut-offs in Egyptian gas supplies.
"An increase..will be imposed from Wednesday on consumers who use more 600
kilowatt/hour per month," said the Electricity Regulatory Commission.
"Those who consume up to 600 kilowatt/hour per month, or 92% of the [6.5
million] population, won't be affected," it said in a statement.
Economist Yusef Mansur said however that he thought it was unlikely the
majority of the population would be immune to the price increase.
"I do not think that the 92% figure is accurate. Electricity consumption
and demand vary seasonally. I don't think they [the commission] have the
capabilities to calculate such a percentage," Mansur told AFP.
Pipelines carrying Egyptian natural gas to
Jordan
and
Israel
have
been a target of repeated attacks over the past year.
Egyptian gas covers 80% of
Jordan
's
electricity production demand--6.8 million cubic meters a day.
The attacks cost
Jordan
around $1.5 billion in 2011, according to the commission.
The kingdom is currently studying prospects of importing liquefied natural gas from
Qatar
,
which holds the world's third-largest gas reserves.
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