By PETER SICHALITHERE is need to revise electricity tariffs downwards so that they are affordable to an average local business, Patriots for Economic Progress (PeP) president Sean Tembo has proposed.Mr Tembo said the unstable and unaffordable supply of electricity, which was a key production input was one of the major contributors to the continued fall of the Kwacha against major convertible currencies.“The diminishing productive capacity of the economy due primarily to the unstable and unaffordable supply of electricity, which is a key production input, must be addressed,” he said.Mr Tembo said the country had experienced the largest increment in electricity tariffs at the same time that it had seen the most unstable supply of the commodity.He said the situation had caused the economy’s productive capacity to significantly diminish and several businesses failing and shutting down.“In order to address this problem, it will not be enough to only increase the country’s electricity generation capacity, but revise […]
Reduce power tariffs, demands PeP
