NamPower granted permission to decrease tariffs
02 May 2019 | Energy
The Electricity Control Board (ECB) today granted NamPower a 2.5% decrease in the bulk tariff for electricity, for the first time in 36 years. The bulk rate for power will drop from N$1.69 per kilowatt-hour to N$1.65. The new rate is effective from 1 July until 30 June next year. The approved tariff decrease is applicable to all NamPower’s bulk customers including the regional electricity distributors, local authorities, regional councils and mines. The distributors will individually apply to the Electricity Control Board (ECB) for a review of their tariffs which when approved, will be applicable to end consumers. “The 2.5% tariff decrease would enable NamPower to recover its allowed operating costs and ultimately fulfil its financial obligations, including payments to the local Independent Power Producers,” ECB CEO Foibe Namene.