Lungu increases electricity tariffs

Filed under: Business,Latest News |
1,254 Views
President Lungu

President Lungu

President Edgar Lungu through Energy Regulation Board (ERB) increased electricity tariffs at midnight on Wednesday.

A kilowatt of power will now cost K1.13 from K0.37. In simpler terms, where households have been spending K100 per month, they will now be expected to spend K300 for the same power.

President Lungu in his address to the nation during his first press conference last week on Thursday ordered the wasteful ZESCO Management to increase electricity fees for the economy to stay afloat.

The President also instructed for the removal of subsidies on fuel this means that anytime the price for fuel will also go up.

Insiders within government has told Zambian Eye that the International Monetary Fund (IMF) who were recently in Zambia were behind some of these pronouncements Lungu is making.

In his budget presentation in September Finance Minister Alexander Chikwanda said Zambians should brace themselves for hard times in 2016.

Meanwhile, load shedding hours have increased in some parts of the country from 8 to 12 hours a day.

And citizens have reacted angrily to the hike in electricity tariffs saying Lungu has just endorsed his exist in the coming elections in 2016.

Thank you Lungu. You have just endorsed your exit from state house next year,” reacted Billy.

“That is why I had nightmare…let him continue with this whole stupidity so that next year it should be easy for us to get rid of him,” said Faith Lishoma.

While Oscar Makwati said: “Adding a burden on top of more problems he has already created….Okay am voting next year for first time!”

 

Facebooktwitterredditpinterestlinkedinmail

6 Responses to Lungu increases electricity tariffs

  1. There is no other way of sorting out this mess apart from what Lungu has done.Even HH will have to continue on this path in the event that he wins 2016.Luck of continuity is costing us Zambians.Thank you for having voted for Sata once again.Enjoy the grapes…..mine are bitter and sour what about yours?

    KC
    December 3, 2015 at 7:23 am
    Reply

  2. Eddie had to make the announcement. Adjustments for a free market economy to save the economy is a must do. He can ignore the politics for a moment and focus on saving the nation. Politics will come in play near elections time. Majority of voters are duffed, bags of mealie meal, tribal campaign and all that kind of shit works in Zambia. The same people will be enjoying after these economy saving pronouncements.

    Dingiswayo
    December 3, 2015 at 4:00 pm
    Reply

  3. This idiot of a president should be taken out completely how do you just pronounce things you don’t know there impacts,business will close and people will be forced to hike price the more, the ordinary zambian will suffer more, those in power do not feel the impact, fuel is bought for them, power is bought for them all they know is to point with there fingers. Ba PF where did you pick these guys you endorsed on our beloved motherland. Is PF there to save the nation or destroy it please may someone answer me??????

    g.cloud
    December 3, 2015 at 6:37 pm
    Reply

    • g cloud – The idiot is you who does not know that Zambia has very low electricity tariffs. There is no way out. Focus on pushing govt to tighten unnecessary expenditure than spewing ignorance.

      Observer
      December 4, 2015 at 2:35 am
      Reply

    • PF is there to enrich their pockets. Need I say more?

      Panga Family
      December 4, 2015 at 10:34 am
      Reply

  4. can zambians wake up and realise there is nothing free in this world. it had to be done. we can not keep subsidising everything and just sit back and watch the infrastructure go to waste. how else do you think the power sector will get the must needed investment.
    then you wonder why no leader has ever had the balls to make the right decisions which are obviously the hard ones that are hard to swallow. its because of voters that are thinking with their bellies and not the future and well being of the nation and that of their children.
    let us learn to embrace the good things and the right things people do.
    zambia has had the second lowest electricity tariffs for a very long time, the lowest being zimbabwe. now look at what predicament that has put us in. zimbabwe has the worst load shedding imaginable and looks like we are not far behind.
    we needed this. kudos to his excellency having been brave enough to take the step. i know it was not an easy step to take

    mike
    December 21, 2015 at 11:50 am
    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Start: 2019-07-01 End: 2019-07-31