What is Multi Year Tariff Order?
- Hits: 1878
Multi Year Tariff Order (MYTO) is a methodology used for determining tariffs across the electricity value chain. MYTO sets a 15 year tariff path with bi-annual minor reviews (taking cognizance macroeconomic indicators such as inflation rates, cost of fuel and exchange rate) and a 5 yearly major reviews.
Since the change in the Government electricity subsidization policy, and in order to ensure financial sustainability of the Electricity Supply Industry, the Electricity Regulatory Authority through consultation with stakeholders established a quarterly tariff review methodology. The methodology is updated every year and is available on our website; www.era.or.ug. The quarterly adjustment of the retail tariff has been in force since January 2014.