Tue, 28 Mar 2017 10:25:33 +0000 By CHINTU MALAMBO ELECTRICITY tariffs may go up by 50 percent with effect from 1st May 2017 and an additional 25 percent on 1st September 2017 – meaning the tariffs may rise by 75 percent within four months – the power utility company ZESCO Limited announced yesterday. Zesco says the 75 percent tariff increase was intended to attract investment in power generation and also ensure that the State-owned monopoly raises the money to import and purchase the shortfall from local as well as foreign independent power producers in the region. Explaining the new tariffs to the Daily Nation yesterday, Zesco spokesperson Henry Kapata said the current electricity tariffs in Zambia were not cost reflective for all customer categories, hence the need to gradually adjust to cost reflective ones for all the retail and mining customers. “The cost of production of electricity from the last time we increased […]
