ECB hikes bulk power price

Staff Writer The Electricity Control Board has announced an increase in the average bulk price by 7.3 percent from the current approved tariff of N$1.6982 per kilowatt-hour to N$1.8222 per kilowatt-hour for the financial year 2022/2023. Acting ECB Chief Executive Officer (CEO) Rachel Boois said the board met in April to discuss a tariff application submitted by NamPower for a 12.78 percent effective bulk tariff increase (inclusive of generation and transmission), resulting in a rise from an average N$1.6982 per kilowatt-hour (kWh) to N$1.9153 per kilowatt-hour (kWh) for the financial year 2022/2023. However, the allocation was reviewed, and a 7.3…