The Namibia Electrical energy Management Board (NECB) has proposed a 7.3% improve in electrical energy tariffs for the interval 2024/2025. This improve is in keeping with the NECB’s cost-reflective tariff methodology, which goals to make sure that electrical energy costs replicate the precise price of offering electrical energy. The rise might be carried out in two phases, with a 3.65% improve efficient from 1 July 2024, and an additional 3.65% improve efficient from 1 July 2025.
The NECB has cited a number of components which have contributed to the necessity for the tariff improve, together with the rising price of gasoline, the necessity to put money into new infrastructure, and the necessity to keep the reliability of the electrical energy provide. The NECB has additionally emphasised that the proposed improve is decrease than the present price of inflation, and that it’s dedicated to holding electrical energy costs as little as potential whereas nonetheless guaranteeing the monetary sustainability of the electrical energy sector.
