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FINANCIAL NEWS
Oman allocates USD8.2 for each electricity consumer in 2014
05 Aug 2015
(MENAFN) According to an electricity regulator, Total cost of electricity regulation in Oman reached USD8.2 per customer account.
Authority believes that metrics compare favorably to international benchmarks of regulatory costs, recovering all of it through license fees.
The Sultanate’s electricity sector took an USD743.1 million benefit from Ministry of Finance in the previous year.
“The cost of electricity in 2014 was around one tenth of one baisa per kWh supplied and less than 0.25 percent of total electricity,” report stated.
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