Dubai: Saeed Al Tayer, managing director and CEO of the Dubai Electricity and Water Authority (Dewa), said that there will be no increase in the utility’s tariffs for the next two years.
He also added that monthly tariffs would not decline.
“We have a clear roadmap and in the coming two years we are working to maintain Dewa’s tariff no matter what the oil price will be,” Al Tayer said.
He attributed the fixed tariff in the near future not to the drop in oil prices but to best practices and sophisticated technology that Dewa uses in power generation.
“Despite the fact that the drop in oil price helped reduce the LNG price, which usually is double the current price of oil at $80 or $90 per barrel, we recently increased energy efficiency by 400 Megawatts (MW) by applying better technology,” he said.
According to Al Tayer, Dewa’s current power generation capacity stands at 9,740MW — 30 per cent more than current energy demand.
