UAE: EtihadWE unveils the new tariff structure for industrial growth

Omar Abbas - | Technology

The challenge for the Northern Emirates region is to strike a balance between sustainable energy usage and industrial growth.

Etihad Water and Electricity (EtihadWE) has responded to this challenge by introducing a revised rate system designed to maximize energy consumption and foster economic growth.

Customers in the industrial and technological sectors in the Northern Emirates frequently faced financial difficulties as a result of the current pricing system. Exorbitant energy costs prevented established industries from expanding and turned off potential investors. Acknowledging these difficulties, EtihadWE decided to review its tariff structure in order to better meet the industrial demands of the area. A tiered pricing structure based on industrial consumers' consumption habits forms the basis of the new tariff structure. EtihadWE seeks to balance meeting the energy needs of large-scale enterprises with encouraging efficiency by providing lower prices for larger amounts of energy usage.

Financial Incentives for Industrial Consumers

Businesses that use more energy than 10,000 megawatt-hours per month can save money on energy bills under the new tariff system. Rates for enterprises operating in the region start at 32 fils per kilowatt-hour and gradually drop to 26 fils per kilowatt-hour. This results in significant savings. The effort that EtihadWE and government agencies, including the Ministry of Industry and Advanced Technology and the Ministry of Energy and Infrastructure, have put into developing the new tariff structure is particularly noteworthy. A common goal of promoting economic expansion and drawing capital to the Northern Emirates is reflected in this collaboration.

The importance of the updated price structure in promoting industrial expansion was underlined by Yousef Ahmed Al Ali, CEO of EtihadWE. EtihadWE seeks to contribute to the creation of jobs and economic growth in the area by providing competitive energy tariffs that both support and encourage the construction of new industrial operations and current ones. A more advantageous business climate is anticipated in the Northern Emirates with a reduction in the value of electricity consumption charges. Because the region is more appealing to both domestic and foreign investors looking for growth prospects, lower operating costs boost industry competitiveness.

Stimulating Economic Development

The new tariff structure's implementation is consistent with EtihadWE's overarching goal of advancing sustainable economic development. EtihadWE aims to reduce its environmental impact while promoting industrial growth and innovation through energy pricing optimization and ethical consumption practices.

In the Northern Emirates, the implementation of the updated energy consumption tariff system is a major step toward prosperity and sustainable growth. EtihadWE seeks to facilitate economic growth and employment creation in the area while meeting the energy demands of industry through cooperative partnerships and strategic initiatives. The Northern Emirates, through their embrace of innovation and sustainability, will become a dynamic center for investment and industrial growth in the years to come.

About Author

Omar Abbas
Omar Abbas
203 Total posts


Read Also

Technology
Dubai authorities set up training workshop on artificial intelligence strategies

In a strategic partnership with Microsoft, the General Directorate of Residency and Foreigners Affairs in Dubai recently hosted a transformative workshop. This initiative underscores Dubai's commitment to harnessing artificial intelligence (AI)...

Technology
UAE: Five Key Signs to Identify Fake Videos Using AI

Engineer Mohammed Al Shehhi, a technical expert, has expressed worries regarding the spread of phony video clips made with advanced artificial intelligence (AI) capabilities.

Technology
UAE: Hamdan Bin Mohammed declares approval of 22 AI CEOs

Under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai is forging ahead in developing a model for future government work that is enhanced by artificial intelligence (AI) solutions.

Technology
The UAE announces controls and mechanisms for regulating marketing via telephone

The Ministry of Economy, in collaboration with the Telecommunications and Digital Government Regulatory Authority, has introduced a new decision aimed at regulating telemarketing via phone calls.

Technology
A new Instagram feature gives priority to close friends

To provide more accurate methods for managing interactions with specific accounts without entirely blocking them, Instagram is expanding its features to allow teenagers to restrict interactions with people they have tagged as close friends. This is...

Technology
Ads that cannot be skipped “Instagram” angers its users

Because the Instagram program is currently testing advertising materials that users will not be able to avoid, Meta is trying to increase the number of advertisements that are displayed to users.

Technology
Dubai reveals plan for public transport to be carbon-neutral by 2050

The Honorable The 82nd meeting of the Dubai Supreme Council of Energy was chaired virtually by Sheikh Ahmed bin Saeed Al Maktoum.

Technology
DEWA and Parkin launch the EV Charging Initiative in Dubai Paid Parking Zones

By adding charging stations to its pay parking spaces, Dubai hopes to improve the infrastructure for electric vehicles (EVs).

Technology
Dubai RTA announces new areas to include electric bus routes

The electric bus network operated by the Roads and Transport Authority (RTA) in Dubai is set to expand service coverage to encompass a range of routes, including notable destinations like "Dubai Mall," "Business Bay," and "Al...

Technology
Dissatisfaction and rejection of the controversial “Dubai Open” report

The UAE has lately received plaudits from an international organization that fights money laundering for taking its responsibility to safeguard the integrity of the global financial system "extremely seriously."

Technology
Dubai government launches an AI training program for HR employees

In its ongoing commitment to bolster the skills of its workforce, the Dubai Government Human Resources Department recently orchestrated a comprehensive training initiative on the fundamentals of generative artificial intelligence.

Technology
UAE: Mercedes-Benz recalls 2,500+ SUVs for this issue

Luxury car enthusiasts in the UAE might need to schedule a pit stop for their Mercedes-Benz SUVs, as local importers have announced a recall affecting more than 2,500 vehicles.

Technology
America and the UAE are holding high-level military talks to discuss integrated air and missile defense

This week's annual US-UAE Joint Military Dialogue (JMD) at the Pentagon brought together senior US and Emirati officials. The talks specifically covered collaboration on new capabilities and integrated air and missile defense.

Technology
Artificial intelligence reveals the location of Plato's grave

From the video production industry to the medical field, artificial intelligence is driving new discoveries. However, a new field that AI is currently entering is the study of ancient secrets.

DEWA and Parkin launch the EV Charging Initiative in Dubai Paid Parking Zones