President Edgar Lungu has directed ZESCO and the Energy Regulation Board to adjust downwards its new electricity tariffs following numerous complaints from many domestic users.
The directive marks a complete u-turn on President Lungu who just last month called on Zambians and the business community to embrace the new electricity tariffs.
President Lungu said this when he commissioned the Pensulo-Kasama 330 kilovolts transmission project in Kasama district on December 16 2015 adding that the new tariffs will guarantee meaningful investment and improvements in service delivery in the energy sector.
But through his Spokesman Amos Chanda, President Lungu on Sunday directed ZESCO to cut the new tariffs.
Mr Chanda said President Lungu will examine other ways of encouraging investment in the sector that has suffered stagnated growth due to relatively low tariffs compared to other countries in the region.
“The President wants Zambians to know that he is here to make decisions that will unite Zambia and not breed discontent,” Mr. Chanda said
He said the electricity tariffs reduction is something President Lungu felt had to be done expeditiously until economic alternatives to generate power and encourage investment in the sector are found because Zambians come above economic gains.