ECB grants CENORED green light to increase prices

ECB grants CENORED green light to increase prices

ECB grants CENORED green light to increase prices

Staff Writer THE Electricity Control Board (ECB) has approved a price increase request for electricity by CENORED, at a rate of 7.6 percent for the entity, which mainly operates in central parts of Namibia. CENORED initially applied to ECB to increase its rates by 8.0 percent and 3,5 percent in both Okahandja and Omaheke, however, only, the regulator, only approved an increase of 7,3 percent and 3,3 percent in such areas, respectively. This in essence means domestic consumers will now pay N$ 100 for 35 units of electricity from the initial 40 units, whereas businesses will fork out N$ 100…
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