ZESCO to increase electricity tariffs

ZESCO has been granted approval by the Energy Regulation Board (ERB) to implement the 2024 pre-approved tariffs.

This meant that ZESCO had been allowed to migrate to 2024 pre-approved multi-year tariffs for domestic consumers as presented in the tariff schedule.

The tariff adjustments schedule took effect on Tuesday.

This is contained in a statement issued on Wednesday by the ERB Board Chairperson, Reynolds Bowa.

“The tariffs have increased from 40 ngwee per kilowatt per hour to 44 ngwee per kilowatt per hour for domestic consumers, while commercial tariffs have increased from 67 ngwee per kilowatt per hour to 78 ngwee per kilowatt per hour,” Bowa said.

Bowa also indicated that the subsequent tariffs for 2025 to 2027 remained conditionally approved subject to the ERB’s annual review of the Regulatory Clearing Account-RCA.

Meanwhile, the ERB had granted approval to North-Western Energy Corporation Limited to implement the 2024 pre-approved tariffs.

The firm had also been allowed to migrate to 2024 pre-approved multi-year tariffs for retail consumers as presented in the tariff schedule effective May 1, 2024.

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