Namibia: Consumers To Pay 2.92% More For Electricity Effective July 1

Namibians will be paying 2.92 percent more for electricity effective July 1, 2021.

This follows an approval of 2.92 percent by the Electricity Control Board after considering request for tariff adjustment by the Namibia Power Corporation (NamPower).

After considering a tariff application increase for an effective bulk tariff, inclusive of generation and transmission, increase from

NamPower had proposed of 5.8 percent increase in tariff to be able to raise funds for their projects, but the Electricity Control Board, after careful analysis, approved 2.92 percent increment in electricity cost for the 2021/2022 financial year.

This would mean that consumers would now pay up to N$1.6982 ($0.11) per kilowatt-hour, which was increased from N$1.6500 per kilowatt-hour.

The new electricity tariff would be applicable to NamPower’s bulk customers, including distribution utilities, local authorities, regional councils and mines.

Regional electricity distributors would now have to apply to the ECB individually for a review of their distribution tariffs.

It is only when these individual applications are approved by ECB that they would be applicable to end consumers.

ECB CEO, Foibe Namene commented: “The Electricity Control Board is cognisant of the fact that the economy is affected by the COVID-19 pandemic but is equally dependent on reliable and affordable electricity supply. It is, therefore, the responsibility of the regulator to ensure a sustainable electricity industry at affordable tariffs.”

Source: www.energynewsafrica.com