Yakutia's Communal Services Tariffs to Rise in 2024, New Electricity Rates Planned
The Republic of Yakutia is set to see changes in its communal services tariffs in the coming years. After remaining stable since 2022, increases are forecast for 2024 due to inflation and rising costs. Differentiated electricity tariffs will also be introduced.
Currently, Yakutia's communal services tariffs have been frozen since 2022 and will stay the same until mid-2024. However, with inflation and logistics costs rising, tariff increases are expected for electricity, gas, waste management, heating, and water supply from 2024. To manage this, a 9.5% index increase has been approved for the second half of 2024, with a 3% deviation for municipalities.
The new electricity tariffs will be differentiated, with higher rates for consumers using more than 11,170 kWh per month. This is expected to affect less than 0.1% of Yakutia's consumers, as the majority use no more than 750 kWh per month. The changes will be discussed at the College and Public Council of Goskomtsen after consultation with the people's deputies of the republic.
Investments in the housing and utilities sector in Yakutia have seen a significant increase of 1.1 billion rubles (33.6%) over the past five years due to main fund renewal. Despite this, the republic requires over 41 billion rubles in 2024 to compensate for the difference between population tariffs and economically justified tariffs, the highest amount among Russian Federation subjects.
In summary, Yakutia's communal services tariffs will remain unchanged until mid-2024, but increases are expected from 2024 due to inflation and rising costs. Differentiated electricity tariffs will be introduced, affecting a small percentage of consumers. The republic is investing in its housing and utilities sector but requires substantial compensation to bridge the gap between population tariffs and justified tariffs.
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