Mera approves electricity tariff hike
Electricity Supply Corporation of Malawi (Escom) has been granted a go ahead to raise its electricity tariff hike by 13.5 percent, saying the move is to enable the power utility company raise funds for some projects aimed at improving power supply.
The announcement was made in Lilongwe on Wednesday at the Malawi Energy Regulatory Authority (Mera) headquarters and it means customers will be paying K41 per unit kilowatts from K35.69 from 2nd November.
A press statement released by Mera states that this follows a performance assessment of Escom to review the targets the company was given as a precondition before an earlier proposed adjustment of 18.39 percent.
In an interview, Mera Chief Executive Officer Dingiswayo Jere, said Escom only managed to meet about 75 percent of the targets hence Mera could only allow the sole power producer to effect a 13.73 percent instead of the 18.39 percent.
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