ZAMBIA’S energy regulator refused the state power utility’s proposal to increase electricity tariffs by as much as 156% to cover the cost of emergency supplies, citing the negative impact it would have on inflation and jobs.
The application from Zesco presented an “impossible” way of raising its required revenues, Energy Regulation Board Chairman James Banda said Friday, adding his organization would work with the utility to find alternatives to fund pricey power imports. – moneyweb.co.za