Zesco Tariff Hike Takes Effect Today

The electricity tariff hike approved by the Energy Regulation Board will take effect today with a 50% increase.

Zesco had applied to the Energy Regulation Board to have a 75% tariff increase that was approved but will be done in phases.

The adjustment has been broken down to be effected in two phases of 50 percent effective 15th May, 2017 and 25 percent to be effected on 1st September, 2017.

The ERB said that the increase was approved based on tariff justification and assumptions, financial performance, electricity demand forecast, customer comments and the need to progress towards cost reflective tariffs.

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