Staff Writer
Electricity Control Board (ECB) has declined NamPower’s tariff application for an effective bulk tariff (inclusive of generation and transmission) increase of 3.9 percent for the financial period 2020/2021.
This would have seen an increase from an average N$ 1.65 per kilowatthour to N$ 1.71 per kilowatt-hour.
“In determining the tariff, the ECB considered several factors, including the impact of the tariffs on the Electricity Supply Industry, consumers and the economy at large. In particular, the impact of the COVID-19 pandemic on the industry and the consumers as well as the current economic climate,” ECB Chief Executive Officer, Foibe Namene said.
“Based on the available facts and evidence, the Electricity Control Board resolved that the average tariff will not change and therefore will remain at N$ 1.65 per kilowatthour for the period 2020/2021. The approved tariff is applicable to NamPower bulk customers (i.e. Regional Electricity Distributors (REDs), Local Authorities, Regional Councils and Mines).”
She said to mitigate the impact of the tariff on consumers and the economy, especially during times when the economy is struggling the ECB has,” allowed an amount of N$50 million from the Long Run Marginal Cost (LRMC) fund. The amount will be used by NamPower to supplement fuel costs for Van Eck and Anixas Power Plants or procure emergency energy if necessary.”
