by Chama Bowa-Mundia, Mwanda Phiri and Bernard Tembo
The Energy Regulation Board recently held public hearings for different stakeholders to weigh in on ZESCO’s application to revise electricity tariffs upward by a weighted average rate of 113%. According to ZESCO, this adjustment is necessitated by, among other reasons, the changes in prevailing macro-economic conditions and the increase in the cost of generating electricity, both from ZESCO’s own plants and from the Independent Power Producers (IPPs). ZESCO further argues that increased tariffs will lead to improved service delivery. This tariff application has further been motivated by the immediate need to finance power imports aimed at reducing the long hours of load shedding.