Finance and National Planning Minister Situmbeko Musokotwane has stated that Zambia's ongoing energy crisis is primarily due to the public's refusal to accept cost-reflective electricity tariffs. Speaking at the Deloitte & Touche Budget Breakfast Meeting in Lusaka, he highlighted that while regional energy challenges persist, the cost of importing power remains a significant hurdle.
Musokotwane emphasized the necessity of increasing electricity tariffs and mentioned plans for lifeline tariffs to help consumers manage their electricity expenses. This move aims to ensure that the pricing accurately reflects the costs of production and delivery, which is crucial for attracting investment in the energy sector.
Economist Dr. Patrick Chileshe supported this view, noting that positive global economic growth could benefit Zambia through increased copper exports. However, he cautioned that low productivity in agriculture must be addressed for a sustainable economic rebound.
The government faces pressure to act decisively as load shedding continues to impact daily life and economic productivity. The proposed tariff increases could pave the way for improved energy infrastructure and reliability, essential for Zambia's development.
As Zambia navigates this crisis, public understanding and acceptance of cost-reflective tariffs will be vital for long-term solutions. The government's commitment to reforming the energy sector could position Zambia as a leader in sustainable energy within Africa, ultimately benefiting its economy and citizens.