The increase in the cost of electricity has become a growing concern for the average consumer and small businesses in Namibia.

To add salt to the injury, NamPower is seeking a 14,59% increase in electricity tariffs for the 2024–25 financial year. 

The proposal, submitted to the Electricity Control Board (ECB), would raise the average transmission customer tariff from 198.56 cents per kilowatt hour to 227.53.

The Electricity Control Board is yet to announce its decision on the proposed tariff increase tomorrow.

The City of Windhoek (CoW) has implemented an average electricity tariff increase of 8.9%, effective August 1st.

The increase comes after bulk electricity supplier NamPower pushed up its electricity tariff from N$1.82 to N$2.12 per kilowatt for the 2023–2024 financial year.

This is an average increase of 8.97%.

The City of Windhoek's increase last year was 7.8%.

The Bank of Namibia (BoN) projects an increase in the government's income as well as a narrowing of the budget deficit for the 2023–24 financial year.

In its June 2023 quarterly report, the central bank says the government's debt is expected to decline to 4,6% of the Gross Domestic Product from 5,1% in the previous financial year.

Revenue collection is expected to increase by 16,5% to N$74.7 billion, owing to a significant increase in SACU receipts, coupled with a rise in company and individual taxes as well as value-added tax.