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The Electricity Supply Corporation of Malawi (ESCOM) has proposed a 99 percent electricity tariff hike for the four year period starting from October 2022 to October 2026.
The proposal, submitted to the Malawi Energy Regulatory Authority (MERA) for approval, represents a K207 per kilowatt average increase for the four year period.
In the first year of the tariff hike (2022-2023) ESCOM wants electricity tariffs raised by K187.98 per kwh, a hike from the current K104 per Kwh.
According to MERA, the proposed revenue requirement is based on cost recovery principles to allow the licensees to recover cost of service including a reasonable return on capital, encourage efficiency in the delivery of service to customers and improve financial sustainability.
