Wednesday, February 21, 2024
Local Malawi News


Malawians will still have to embrace tough economic times as The Malawi Energy Regulatory Authority (MERA) has given Electricity Supply Corporation of Malawi (ESCOM) a go ahead to hike electricity prices with 4 percent.

According to reports, ESCOM was supposed to get a 10 electricity tarrif hike in line with the four year ESCOM Base Tariff Schedule.

The development means that electricity prices have increased from an average of K104.46 per kilowatt per hour -kWh to K108.63 per kWh.

In February 2020, Escom qualified for 1.65 percent instead of seven percent based on performance on the agreed KPIs. Mera awarded a further 5.63 percent based on Automatic Tariff Adjustment Formula, making a total of 7.28 percent tariff adjustment.

The development comes as people in the country are still facing tough economic times among others increasing rising costs of products on the market.

(Visited 14 times, 1 visits today)
the authoradmin
News Breeze Malawi is an independent online news portal which reports news from Malawi, Africa and elsewhere. Our reports are not opinionated and strictly follow the rules and laws of reporting in professional journalism. Contact -

Leave a Reply