Following a meeting with organised labour Wednesday, government agreed to reduce electricity tariffs by 45% and 50% for lifeline consumers and vulnerable groups.
The reduction is expected to help to help ease the tax burden on workers.
The relief will translate into the following rates:
0-50 = 45%
This means all consumers between the 0-50 band will have a 45% reduction in their electricity tariff while the 51-300 band will have 50% reduction a memorandum of understanding signed by unionized workers and the government stated.
This is the first agreement the two parties at the negotiation table have reached since negotiations commenced Thursday.
Meanwhile tariffs for all other consumption bands remain unchanged.