Etihad Water and Electricity (EtihadWE) announced a revised energy consumption tariff structure to provide financial incentives and price reductions for industrial and technology sector customers in the Northern Emirates.
The revised tariff structure offers a tiered pricing system for industrial customers exceeding a monthly consumption threshold of 10,000 megawatt-hours.
With initial rates starting at 32 fils/kilowatt-hour and progressively decreasing to 26 fils/kilowatt-hour, the revised tariff structure will lead to significant cost reductions, Yousef Ahmed Al Ali, CEO of EtihadWE, said on the sidelines of the first day of the Make it in the Emirates Forum in Abu Dhabi.
This initiative underscores EtihadWE’s dedication to providing its industrial clientele with best-in-class energy solutions,” he added.
The launch of the new tariff structure comes in collaboration with the Ministry of Industry and Advanced Technology and the Ministry of Energy and Infrastructure.
Through these optimised pricing structures, EtihadWE aims to foster economic development within the Northern Emirates by stimulating industrial growth, attracting new investments, and facilitating job creation.
Al Ali pointed out that reducing the value of electricity consumption tariffs will help support existing industrial establishments and attract new investments.
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