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 price of offering electrical energy. The rise will probably be carried out 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 elements which have contributed to the necessity for the tariff enhance, 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 enhance is decrease than the present fee of inflation, and that it’s dedicated to preserving electrical energy costs as little as potential whereas nonetheless making certain the monetary sustainability of the electrical energy sector.
