Economy

On-going consultations stall implementation of ZESCO’s planned 10% hike in electricity tariffs

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ZESCO will not implement its 10 percent tariff increment which was approved by the Energy Regulation Board (ERB) until exhaustive consultations with stakeholders are concluded.

ERB in April had approved a 10 percent upward adjustment in electricity tariffs.

The new tariffs were scheduled to be effected on May 1, this year.

Read more: Govt ‘fights’ ERB over electricity tariff hike, Capital market closes quarter at K102.67 billion; see our top 10 stories of the week

According to a report by the Times of Zambia, ZESCO Spokesperson, Katongo Maumbi, said the power utility firm was currently engaged in consultations regarding the implementation of the tariffs.

In-house consultations, and with other relevant authorities, are reportedly still in the process, Maumbi said.

“Only when the final approval was made would ZESCO proceed with a mutually agreed position,” he said.

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