{"id":20953,"date":"2023-07-12T12:42:47","date_gmt":"2023-07-12T10:42:47","guid":{"rendered":"https:\/\/www.erongored.com\/?p=20953"},"modified":"2023-07-12T12:42:48","modified_gmt":"2023-07-12T10:42:48","slug":"erongo-red-announces-tariff-hike-for-the-region","status":"publish","type":"post","link":"https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/erongo-red-announces-tariff-hike-for-the-region\/","title":{"rendered":"ERONGO RED ANNOUNCES TARIFF HIKE FOR THE REGION"},"content":{"rendered":"<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"size-medium wp-image-20956 alignleft\" src=\"https:\/\/www.erongored.com\/wp-content\/uploads\/2023\/07\/2S3A3441-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-200x133.jpg 200w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-300x200.jpg 300w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-400x267.jpg 400w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-600x400.jpg 600w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-768x512.jpg 768w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-800x533.jpg 800w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-1024x683.jpg 1024w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-1200x800.jpg 1200w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-1536x1024.jpg 1536w, https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/wp-content\/uploads\/2023\/07\/2S3A3441-scaled.jpg 2560w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Erongo RED announced tariff increases for the 2023\/2024 financial period at a press conference that was held on Thursday, 6 July 2023 in Walvis Bay.<\/p>\n<p style=\"text-align: justify;\">Speaking to the media, the Acting Chief Executive Officer, Mr. Nico Niemand said that in May 2023, the Electricity Control Board (ECB) announced that NamPower\u2019s average tariff will increase from N$1.82 to N$2.12 per kilowatt hour for the 2023\/2024 financial year. This constitutes a weighted average increase of 8.97%, however, the actual impact on Erongo RED is 9.9%.<\/p>\n<p style=\"text-align: justify;\">\nAfter engaging different stakeholders such as the Board, Shareholders, and the Consumer Liaison Committee, Erongo RED submitted an application to the Electricity Control Board (ECB) for tariff adjustments for the 2023\/2024 financial year. \u201cThe Electricity Control Board (ECB) approved a weighted average of 9% tariff adjustment effective 01 July 2023, except for the prepaid tariff which is effective as of today, Thursday, 6 July 2023,\u201d said Niemand.<\/p>\n<p style=\"text-align: justify;\">\nAccording to Niemand, the impact of 9% on customers will vary depending on individual consumer consumption patterns and the type of connection. \u201cIt is worth mentioning that for every unit sold, about 70% goes to NamPower. Erongo RED uses the remaining 30% for its operations,\u201d Niemand further said. With regard to the statutory levies, the ECB Levy will remain unchanged for the period of 12 months, starting 01 July 2023 to 30 June 2024. Similarly, the NEF Levy for 2023\/2024 will remain unchanged as we have not received any indication of an increase from the Ministry of Mines and Energy.<\/p>\n<p style=\"text-align: justify;\">\nNiemand also informed the media that the company had looked for all possible ways to cushion the impact on its customers whilst ensuring that service delivery is not compromised. \u201cThe company has resolved to continue with the subsidized tariffs for pensioners and low-income members in our community,\u201d he added.<br \/>\nHe further assured stakeholders that Erongo RED is committed to ensuring the distribution and supply of safe, reliable, sustainable, and accessible electricity.<\/p>\n<p style=\"text-align: justify;\">During the press conference, Erongo RED\u2019s Tariff Analyst, Mrs. Lynette Motonane, gave a breakdown of how the 9% weighted tariff increase will affect each customer segment. Motonane particularly drew attention to the social tariff segments where she highlighted that a 22,4% tariff increase has been approved for these segments. \u201cThe pensioners and the customers on the lifeline tariff will only feel the full impact of the 22,4% tariff increase once they exceed 400 units,\u201d said Motonane. If they exceed the 400 subsidised units, the consumers under these categories will be required to pay the cost-reflective tariff. \u201cFor this 2023\/2024 financial year, all social tariff subsidies are capped at 400 units per month. All units exceeding 400 will be charged at a cost-reflective tariff,\u201d Motonane further said.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Erongo RED announced tariff increases for the 2023\/2024 financial period at a press conference that was held on Thursday, 6 July 2023 in Walvis Bay. Speaking to the media, the Acting Chief Executive Officer, Mr. Nico Niemand said that in May 2023, the Electricity Control Board (ECB) announced that NamPower\u2019s average tariff will increase from N$1.82 to N$2.12 per kilowatt hour for the 2023\/2024 financial year. This constitutes a weighted average increase of 8.97%, however, the actual impact on Erongo [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":20956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-20953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erongo-red-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ERONGO RED ANNOUNCES TARIFF HIKE FOR THE REGION - ErongoRED<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/erongo-red-demo.greenwebdesign.dev\/dup\/erongo-red-announces-tariff-hike-for-the-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERONGO RED ANNOUNCES TARIFF HIKE FOR THE REGION - ErongoRED\" \/>\n<meta property=\"og:description\" content=\"Erongo RED announced tariff increases for the 2023\/2024 financial period at a press conference that was held on Thursday, 6 July 2023 in Walvis Bay. Speaking to the media, the Acting Chief Executive Officer, Mr. Nico Niemand said that in May 2023, the Electricity Control Board (ECB) announced that NamPower\u2019s average tariff will increase from N$1.82 to N$2.12 per kilowatt hour for the 2023\/2024 financial year. 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