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New tariffs 'out soon'

The Malta Resources Authority said yesterday it will be publishing the revised water and electricity tariffs in the coming days, having accepted the principles used in the way they were drawn up.

The audit report by Deloitte and Touche will be presented to Resources Minister George Pullicino.

The failure so far to publish revised tariffs has been a bone of contention for industry, which has complained of confusion and uncertainty among operators especially because the new rates will apply retroactively to October 1.

The tariffs were raised amid clamorous protests from all sides, with unions at the forefront in calling for a more reasonable approach by the government especially in the light of the global economic slowdown.

After meeting the unions, the government 10 days ago proposed changes to the tariffs which would raise the eco-discount threshold and save the majority of families an average of €27 a year on their annual bills.

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