No electricity tariff increase in 2013

Energy Regulatory Commission released a statement due a speculation of possible electricity tariff increase by March 1st on Friday.

According to the statement, Energy Regulatory Commission reached a decision to tap loss gap in way of saving the spending not to put weigh on consumers.

Officials of Energy Regulatory Commission also stated that the decision not increase electricity tariff is available for this year.

It is estimated that the power sector experienced 66.3 billion MNT loss in 2012.

Regulators of the Commission found out 22.5 billion MNT, or 30 percent out of total loss was caused by unproductive expenses.

The decision on electricity tariff by Energy Regulatory Commission can be a big challenge. But consumers will be available to buy electricity on previous tariff.

Energy Regulatory Commission will cooperate with energy industry companies to prevent loss, tariff increase that can be a pressure to consumers.