Malawi Energy Regulatory Authority (MERA) has approved a31.8 percent electricity tariff increase on a four-year period (2018-2022), faceofmalawi can reveal.
MERA Board Chair Reverend Joseph Bvumbwe disclosed this in a media briefing currently underway in the commercial capital Blantyre.
According to Bvumbwe, the hike will be done in phases.
‚ÄúFirst year: 20 percent, second year: 7 percent. In third year there will be a 3 percent reduction, while in the fourth year, there will be a 10 percent increase,‚ÄĚ said Bvumbwe.
More details to come
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