Fri, 26 Jan 2018 12:00:19 +0000 By BENNIE MUNDANDO WE expect Government to conclude the Cost of Service (CoS) study this year so that consumers are aware of the true cost of producing electricity and stop subsidising inefficiencies of Zesco, the Consumer Unity and Trust Society (CUTS) has said. The society has also appealed to the Energy Regulation Board (ERB) to stick to its commitment of undertaking bi-monthly fuel pump price reviews if such a decision is to truly benefit the consumer. In its report dubbed “2017 consumer perspectives,” centre coordinator Chenai Mukumba noted that due to the phased increase in electricity tariffs by 75 percent last year, Small and Medium Enterprises (SMEs) were hard hit as their cost of production skyrocketed. “Tough decisions were made in 2017 when the Government removed subsidies from the fuel and electricity sub-sectors which in turn saw a hike in price for these two commodities. This was very difficult […]
