Consumers are expected to fork out more from their pockets for electricity as of July 1st, as the Electricity Control Board (ECB) approved an 8% bulk tariff increment.
This means the current N$1.98 kilowatts per hour has now increased to N$2.14 kilowatts per hour for the 2024–2025 financial period.
Making the announcement in Windhoek today, ECB's Chief Executive Officer, Robert Kahimise, revealed that initially, Nampower applied for a bulk tariff increase of 14.9% for both generation and transmission tariffs.
This would have resulted in an increment from N$1.98 kilowatts per hour to N$2.17 kilowatts per hour.
However, after the application was reviewed internally by the ECB and also with external stakeholders, they settled for the 8% increase for the 2024–2025 financial period.
The primary factor driving this tariff increase is the rise in the cost of electricity generation, particularly the expense associated with imported electricity.