Majuro, Marshall Islands – The Marshalls Energy Company (MEC) wishes to inform its valued customers and the general public that the previously announced electricity tariff adjustment will not go into effect at this time.
As previously communicated, MEC had anticipated that electricity tariffs could increase due to the sharp rise in global fuel prices, with potential adjustments expected in the coming months to reflect the increased cost of diesel used for power generation.
This development follows the support extended by the Government of the Republic of the Marshall Islands (RMI), which will assist in offsetting the impact of rising global fuel costs. As a result, MEC is able to maintain current tariff rates for the time being.
MEC acknowledges that the recent increase in global fuel prices has placed significant pressure on the cost of electricity generation. As a fuel-dependent utility, these external factors directly affect the Company’s operations. However, with the Government’s timely intervention, the immediate burden on households, businesses, and public institutions has been alleviated.
MEC extends its sincere appreciation to the RMI Government for its continued support and commitment to safeguarding the welfare of the people of the Marshall Islands. This collaboration highlights the importance of strong partnerships in addressing national challenges and ensuring energy security. This partnership underscores a shared commitment to protecting consumers and ensuring the continued delivery of reliable and affordable electricity across the country.
The Company remains committed to managing costs responsibly, maintaining reliable service, and keeping the public informed as the situation evolves. MEC will continue to monitor global fuel market conditions and will provide updates should there be any future changes to electricity tariffs.
MEC thanks all customers for their continued cooperation and support.
Kommol tata.