Tuesday, April 30, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Zambia scraps 73% electricity tariff raise

Zambia scraps 73% electricity tariff raise
February 09
19:41 2016

Zambia has scrapped nearly 73 per cent hike in electricity tariffs for industrial and commercial users following an outcry from consumers, a spokesman for state power firm, said on Tuesday.

The move comes a month after President Edgar Lungu, who plans to stand in an August national election, reversed a move to nearly double electricity costs for home users.

Lungu said the move could hurt the poor.

The country’s power regulator last December approved an increase in electricity charges to 10.35 US. cents per kilowatt hour (KWh) from six cents for all users excluding the mining sector.

Advertisement

“We have withdrawn the application we made to the Energy Regulation Board for higher electricity tariff,” he said.

“We had a lot of complaints and want to consult further”, Zesco spokesman Henry Kapata said.

The Zambia National Farmers Union welcomed Zesco’s latest decision, and called for more consultation in order to implement tariffs that attract investment into the power sector while not crippling the productive sector.

Advertisement

“It was indeed difficult and costly for farmers to undertake meaningful irrigation (after the December hikes) “, the farmers’ union said in a statement.

 

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.