News Social / economy Maldives Impact 8.0/10 2 min read

President Muizzu keeps promise, electricity bills to be capped at MVR 400 during Ramadan

State Electric Company Limited (STELCO) has begun preparations to implement President Dr Mohamed Muizzu's pledge to cap domestic electricity bills at MVR 400 during Ramadan. Special meter readings will be taken on Monday and Tuesday next week, before Ramadan begins on Wednesday, to issue separate bills for the period. President Muizzu first announced the cap three months ago at a PNC rally, promising that any amount exceeding MVR 400 would be provided as a government-funded discount.

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Feb 14, 2026

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State Electric Company Limited (STELCO) has begun preparations to implement President Dr Mohamed Muizzu's pledge to cap domestic electricity bills at MVR 400 during Ramadan. Special meter readings will be taken on Monday and Tuesday next week, before Ramadan begins on Wednesday, to issue separate bills for the period. President Muizzu first announced the cap three months ago at a PNC rally, promising that any amount exceeding MVR 400 would be provided as a government-funded discount.

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