By Our Reporter
Stakeholders have criticised Electricity Supply Corporation of Malawi (ESCOM) decision to adjust electricity tariffs by 69.7 percent in a four-year period saying the proposed hike is too much for Malawians who are already facing economic challenges.
The concerns were made in Lilongwe on Wednesday during a public hearing of the 2023 – 2027 electricity base tariff application.
The adjustment is increasing the end user tariff from the current MK104.46/kWh to MK177.26/kWh.
Speaking during the hearing, Malawi Confederation of Chambers of Commerce and Industry (MCCI) Chief Executive Officer, Chancellor Kaferapanjira bemoaned the proposed hike saying it is too high and unjustifiable to customers across the country.
He asked the power utility body to consider a 40 percent increase within the said period.
“For the benefit of all Malawians, ESCOM should cut some of the expenses like buying expensive cars, adding allowances to their available staff and employing more workers so that it puts that money for power generating activities,” he said.
ESCOM Chief Operations Officer, Maxwell Mulimakwenda revealed that some Ministries, Departments and Agencies (MDA) owe the utility body over K40 billion citing it as one of the challenges stopping the company to meet its obligations.
Responding to the concerns, Chief Executive Officer for Malawi Energy Regulatory Authority (MERA), Henry Kachaje said MERA has taken note of all the inputs by the stakeholders.
He said the Authority is going to help the policy holders to come up with effective and justifiable electricity tariff increment.