Namibia’s Electricity Control Board (ECB) said Thursday that it has approved a 2.5 percent cut by the country’s power utility in bulk tariff for electricity.

The new rate will come into force from July 1 until June 30 next year.

At a media event on Thursday, ECB CEO Foibe Namene said the bulk rate for power will drop from 1.69 Namibia dollars (0.12 U.S. dollars) per kilowatt-hour to 1.65 Namibia dollars (0.11 dollars).

According to her, the approved tariff decrease is applicable to all NamPower’s bulk customers, including regional electricity distributors, local authorities, regional councils, and mines.

Distributors will individually apply to the ECB for a review of tariffs, which, when approved, will be applicable to end consumers. Enditem


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