News of the week of January 30: Electricity up to 30% more expensive since this week

Expat news
Published on 2023-02-03 at 08:45
Since Wednesday, February 1, electricity costs are up to 30% more. Large consumers are particularly affected by this increase. Also in the news, inflation could reach 6.1% in 2023 and a tool to analyze sea water quality.

Central Electricity Board rate increase

Residential customers consuming more than 300 units and commercial customers consuming more than 400 units will be affected by this increase. The rate of increase will depend on the customers' consumption. Simply put, the more you consume, the more you are affected by the increase. For residential subscribers consuming between 301 and 500 units, the increase applied will be 19.2%, for those consuming between 501 and 1,000 units, the increase will be 21.8% per month, between 1,000 and 1,500 it will be 24.4% per month, between 1,501 and 2,000 of 26.9% per month and for consumers of more than 2,000 units per month, the increase will be 29.5%.

Inflation rate of 6.1% for Mauritius for 2023?

6.1%. This is what the International Monetary Fund forecasts for Mauritius for the year 2023. This is a lower rate than that of 2022 which amounted to 10.18%. As for growth, the IMF forecasts a growth rate of 5.4% for Mauritius against 7.4% in the third quarter of 2022. These rates will depend heavily on the overall performance and especially on partner countries since the economy still depends on tourism and foreign investment. Moreover, the IMF forecasts a global growth rate of 2.9% for 2022 and an inflation rate of 6.6%.

Mauritius sets up a sea water monitoring system

A real-time lagoon water quality index (LWQI) will be implemented by the Ministry of Environment. The indicator should take into account the level of oxygen, pH, temperature, salinity or nutrients such as phosphorus that are present in the water. The beaches that will be monitored in the first instance are being identified.