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Hiked Zesco Tariffs Will Affect Economy – EAZ
The Economics Association of Zambia (EAZ) has projected that Zambia’s economy will in the short term be negatively affected by the hiked ZESCO electricity tariffs.
EAZ President Crispin Mphuka has told QFM News that this will manifest in the high cost of production.
Dr. Mphuka notes that this high cost of production will also mean higher prices for consumer goods.
He however says in the long-term, his association anticipates that the hiked electricity tariffs will have a positive effect on the economy.
Dr. Mphuka explains that this is because more investors will be attracted to invest in power generation.
He says this will also result in Zambia having much lower electricity tariffs as power generation and supply will have improved.
And Dr. Mphuka has noted that much as much as the Country is now migrating towards effecting cost reflective electricity tariffs, it is also important that government considers unbundling ZESCO.
He says the EAZ is of the view that ZESCO will be more efficient if its power distribution, transmission and generation units operate independently.
Posted by Editor
on December 4, 2015. Filed under LATEST NEWS.
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Apex@
December 4, 2015 at 9:06 am
Oh! Yes it’ll and so is load-shedding, let’s only hope to God that the money they ‘ll re-coup shall ultimately be put into good use or re-invested back into electricity generation. Someone said this ‘ll attract other would-be energy investors and spurs up the economy somehow.. let’s just keep our fingers crossed as we keep on tightening our already tightened belts.
New Educated Zambia©❤√
December 4, 2015 at 9:10 am
What you expect under pf and lungu
HITMAN
December 4, 2015 at 12:25 pm
this is crazy
Vincent
December 4, 2015 at 10:02 am
President Lungu lied to us in his first presidential speech that the life-line limit would be increased from 100 to 500 kwh. Today it is 300kwh. Loyalty lost!
jimpunda
December 4, 2015 at 12:39 pm
Prsdt lungu directed ERB to adjust upward the electricity tariff & wat is remaining is adjustment of fuel by ERB as per directive by HE Changwa lungu, when this happens i tell you we ll be in big trouble,by the way where are PF defenders on this site hav they scampered fr survival?,time is ticking join the winning team join UPND,vote UPND.
solwezi
December 4, 2015 at 1:51 pm
Pf is now depadin on Zesco as the only source of income.
apparatchick
December 4, 2015 at 2:12 pm
WHAT IS HE SAYING?
FOR SURE “ECONOMICS IS GOOD BECAUSE IT GIVES
ECONOMISTS GOOD JOBS”, NOTHING ELSE.
IF NOT
December 4, 2015 at 2:22 pm
ZESCO and your tariffs, please give us some breathing space even if you hike the bottomline is units nowadays last long due to your load sheddings so………………
Lamba boy
December 4, 2015 at 4:32 pm
this Zesco is suppose to be a utility company en not a profit making company! the management gives itself good conditions at an expense of many Zambians shud benefit from its services!