***As with the prices for residential customers, the pricing above also reflects the cost of electricity only. Business customers will still be subject to other charges including network charge, contributions etc.

Changes to Minimum Balance

Lastly, we have made some important changes to the minimum balance. As before, the minimum balance is necessary since it is natured as a collateral and will be prioritized for settling any outstanding debts for a customer’s unpaid duties.

Going forward however, the required minimum balance will vary from customer to customer and it will be determined by the gross value of the customer’s previous energy bill.

This gross value of the invoice that is the basis for defining the minimum balance includes the following costs:

monthly cost of delivered electricity,

excise duty,

network charge,

connection power and other contributions under the law, including VAT

The minimum balance will be charged to the client with their first electricity bill. Here is a breakdown of what the balance requirement will look like for different customers with different energy needs: