Iran to Offer Full Subsidy on Electricity for Millions of Households
Iran to Offer Full Subsidy on Electricity for Millions of Households
Iran is to offer full subsidy on electricity used by millions of households, according to the country’s energy minister.

TEHRAN (Iran News) – Iran is to offer full subsidy on electricity used by millions of households, according to the country’s energy minister, as the government seeks to encourage lower consumption of power among customers.

Reza Ardakanian said that the plan to offer full subsidy on electricity would cover almost 8.4 million households whose power consumption is below the average use of the country, Press TV reported.

However, the plan would not only cover the low-income and poor people in Iran as many households are normally frugal in their consumption of electricity despite the fact that prices are far below international standards.

That is mainly because of increased public awareness about the huge costs of power production as well as its impacts on the environment.

Ardakanian said that in addition to 8.4 million low-consumption households, there are almost 16.5 million customers whose current use of power is acceptable and normal.

The Energy Ministry expects more households to reduce their use of power to become eligible for full subsidy offered by the government, he said.

Iran reported a peak electricity consumption of 60 gigawatt hours (GWh) over recent summer months, which is nearly on par with the country’s total power output, although nominal generation capacity is higher at around 86 GWh.

  • source : Iran Daily