Advertisement
UK markets open in 7 hours 28 minutes

  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     

  • HANG SENG

    18,578.30
    +102.38 (+0.55%)
     

  • CRUDE OIL

    78.91
    +0.43 (+0.55%)
     

  • GOLD FUTURES

    2,332.10
    +0.90 (+0.04%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • Bitcoin GBP

    50,418.43
    -645.40 (-1.26%)
     

  • CMC Crypto 200

    1,363.85
    +51.22 (+3.90%)
     

  • NASDAQ Composite

    16,349.25
    +192.92 (+1.19%)
     

  • UK FTSE All Share

    4,469.09
    +22.94 (+0.52%)
     

Zambia regulator sharply raises electricity tariffs

Reuters - UK Focus

LUSAKA, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - Zambia's power regulator has approved new tariffs that sharply increased the cost of electricity to 10.35 U.S (Other OTC: UBGXF - news) . cents per kilowatt hour (KWh) from 6 U.S. cents per Kwh, it said on Wednesday.

Zambia's state power utility Zesco Ltd had applied for the higher tariffs in October, saying it was compelled to increase the cost of electricity due to rising costs and a depreciation of the kwacha currency, which had pushed up costs for imports. (Reporting by Chris Mfula; Editing by James Macharia)