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Heating price to increase from May 16 and water prices to increase from September 16 www.gogo.mn
The Energy Regulatory Commission has announced upcoming increases in heating and water prices, which are expected to impact inflation.
According to B.Lkhagvasuren, the Governor of the Bank of Mongolia, heating prices will rise by 85% starting May 16, 2025, following a decision made last November. Additionally, hot and cold water prices will increase from September 16, 2025.
Currently, the heating tariff stands at MNT 33,862 per unit, while the actual cost is MNT 62,960, causing financial losses for utility providers. Household electricity and heating tariffs have remained unchanged since 2019. The Energy Regulatory Commission stated that the price adjustments aim to align with market principles and enhance the energy sector's financial sustainability.
Water prices per 1 cubic meter:
Clean water: MNT 1,340
Hot water: MNT 1,632
Wastewater: MNT 1,070
Base water price: MNT 3,000
These adjustments are expected to contribute to inflation, which currently stands at 9.6% nationwide. In response, the Bank of Mongolia has raised the policy interest rate from 10% to 12%.
Published Date:2025-03-11
