President Edgar Lungu has directed ZESCO and Energy Regulation Board (ERB) to ensure that the new Tariffs are quashed and the old Tariffs apply.
This follows cries by many Zambians who felt the pain of the 300% Tariff increase especially in light of the other prevailing economic factors.
To attend to this 50 year old crisis, Energy experts advised that our energy crisis was historical because Zambia needed to diversify it’s energy sources. Further, Zambia’s Tariffs are the lowest in the region at $3cents- $6 cents and to attract investment in the sector government needed to raise and approve the Tariff to cost reflective costs with a minimum and initial charge of $10.5 cents.
This forced the Energy Regulation Board and ZESCO to make an increment of 300%.
Zambia is facing the worst set of crisis, the loadshedding is the worst in the last 50 years, the copper prices are the lowest in the last 10years, the appreciation of the US $ has affected the exchange rate and has knocked the kwacha.
The country is likely to face the worst drought in 15 years because of the El-nino weather condition, food prices have been affected since Zambia’s economy is import based. The Fiscus is in dire stress and government has imposed austerity measures and suspended some infrastructure development.
The money that is gona be spent on importing power from turkey via a ship that will doc at the mozambiquan cost can build a very big solar farm that can give us not less than 150MW.
I FEEL IT WILL NOT MAKE COST BENEFIT SENSE TO IMPORT AT A HIGHER PRICE.
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I am glad I have my 300 units back!!! Shame on those who do not have a heart for the poor zambian!
Pronouncing policies with no direction like a head less chicken in its comatose state. What a President? Ironically many Zambian have short memories, today they are praising this same Chap who directed ZESCO barely a month ago to increase tariffs at what he called a press conference. Shame on us
Mr President, you were very clear in your rationale for directing ZESCO/ERB to increase tariffs. Before Zambians start praising you, let it be clear that the increase was a result of your directive in your only press conference todate. Can you explain whether you were misled and, if so, by who? Policy inconsistences like these are costing the country a lot as it becomes impossible for anyone to plan. If policy announcements will announced and then reversed at the slightest sign of possible electoral consequences, the problems of this country will just keep mounting. For once, think through any policy announcements before making them. Reversals just confusing everyone, even when they are desired by the masses!
well done mr president some chaps wanted to mislead you but you have shown them your big Mutima. We are there ECL because MC Sata did not make a mistake to pick on you. The almighty God showed him who would take over from him and perform the miracles we are seeing.
Even if I was to change my mind and begin supporting pf, just how do I on earth do that with this kind of incosistence. pf please muletusebanya ku fyalo fimbi. Make no mistake it’s good that people have a relief so that life is affordable and thats what governments are there for but the problem is luck of foresight in pf regarding the effects of some of the things they keep on doing. This has got nothing to do with a listening government but doing this to increase chances of winning elections, otherwise the truth of the matter is that it’s just pure inconsistence. What guarantee do we have even that in the unlikely event that they win this reversal will not be reversed? Anyway chili kubakwata ichilaka na pf as for me bufi sana muli iyi sitailo so, one reversal after another. What kind of advisors are there in pf. So whats going to happen to the attraction of other players in electricity generation. Anyway it’s Zambia the real Africa.
This is what it means to have a visionless president. The whole president ordered to ERB/ZESCO to increase tarrifs just about a month ago then the yoyoyo. Sick////. I wonder what is in the head of people who think this guy is not a danger to Zambia.
Praise be to God Almighty.
For sometime now I do not understand ERB. They mercilessly increase tariffs (both electricity and fuel)without considering the financial status of poor Zambians. The Zambian economy is powered by the Kwacha and not the Dollar and why they justify the increases based on the dollar, me I do not understand. Country men and women is this not foolishness of the worst kind? If the tariffs are the lowest in the region, it is worth thanking God for. We are not here to compete with the region on tariffs because we are a blessed country in terms of water resource. Such a useless institution that drives citizens to abject poverty!!!
Why blame ERB they would have done this without the blessings of GRZ
Ifintu ni Lungu