Zambia’s Energy Regulation Board (ERB) has given national utility Zesco the right to increase electricity tariffs by a substantial amount. The power utility company had written to the ERB to request an increment and its request was granted across all sectors except the mining industry. Mining companies earlier saw their cost of electricity increased by 28.8 per cent in April 2014.
The ERB has allowed Zesco to increase the cost of electricity by 15.38 per cent for commercial users and 25 per cent for domestic consumers. The adjustments are effective from July 1 2014.
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