Energy consumers in Botswana will be paying more for their power as the Botswana Power Corporation (BPC) has increased its electricity tariffs by 10%. The increase in tariffs is aimed at aiding the state-run utility firm to recover costs.
The firm has been operating at a loss for years due to high import costs, non-performing assets and operational inefficiencies. That has made the company reliant on government subsidies to stay afloat, but it is now slashing costs as part of a turnaround plan.
The 10% percent adjustment will apply to all consumer categories and was effective from April 1, according to Reuters.
“Government has approved a combination of an adjustment to existing tariffs, and a subsidy cash injection to BPC,” the power utility said.