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