Namibia to increase bulk electricity tariffs by 7.30 percent

0
FILE PHOTO: Men walk past electricity pylons as they return from work in Orlando, Soweto township, South Africa March 18, 2019. REUTERS/Siphiwe Sibeko/File Photo
FILE PHOTO: Men walk past electricity pylons as they return from work in Orlando, Soweto township, South Africa March 18, 2019. REUTERS/Siphiwe Sibeko/File Photo

Namibia’s electricity regulator, the Electricity Control Board (ECB), on Thursday said it would increase the average bulk tariff by 7.30 percent from the currently approved tariff of 1.6982 Namibia dollars per kilowatt-hour to 1.8222 Namibia dollars per kilowatt-hour for the period 2022/2023.

The approved tariff adjustment is effective from July 1, 2022, and will apply to NamPower bulk customers, i.e. Regional Electricity Distributors (REDs), Local Authorities, Regional Councils and Mines, the ECB said in a statement.

“The approved increase follows a tariff decrease in 2019/2020, no tariff increase for 2020/2021 and an increase of 2.29 percent in 2021/2022,” read the statement, noting the ECB considered several factors, including the impact of the tariffs on the electricity supply industry, consumers, and the economy at large.

As part of the discussions with Namibia’s Minister of Mines and Energy, the ECB said the ministry availed 6.4 million U.S. dollars, or 100 million Namibia dollars, through the National Energy Fund, to mitigate the impact of the increase on consumers.

“The allocated funds will be used for energy-related variable costs of NamPower in consultation with the ECB,” the regulator concluded.

Namibia generates less than half of the energy it consumes and has long relied on imported power for its growing demand. Enditem

Send your news stories to newsghana101@gmail.com and via WhatsApp on +233 244244807 Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here