Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

High electricity bills in Jordan due to rise in winter consumption: Regulator

Jordan’s Energy and Minerals Regulatory Commission.
  • Jordan’s Energy and Minerals Regulatory Commission ascribed any rise in the electricity bill to high demand during this winter when the electricity load was at 4,010 megawatts
  • The regulator referred to repeated complaints about higher electricity bills during summer or winter when temperatures rise or fall, prompting consumption to soar

Jordan’s Energy and Minerals Regulatory Commission (EMRC) Board of Commissioners Chairman Hussein Labboun Monday denied any raise in electricity prices recently saying that the home tariff that has been in place since 2015 is still valid.

He ascribed any rise in the electricity bill to high demand during this winter, when the electric load was at 4,010 megawatts, the highest in the Kingdom’s history.

He referred to repeated complaints about higher electricity bills during summer or winter when temperatures rise or fall, prompting consumption to soar and shift to the high tariff category.

The past period saw multiple air depressions sending temperatures to dip and prompting consumers to resort to electricity for heating for longer-than-usual times, which reflected on the bill’s value, Labboun explained.

The EMRC verifies the electricity companies’ commitment to issuing monthly bills on time according to the commission’s regulations, he said.

On electricity loss, Labboun said the amount of consumption determines the tariff and ultimately a bill’s value, adding that the EMRC decides the voltage level on the grid “within the Jordanian codes and standards.”