Amidst raising cost of leaving due to increased inflation, the Electricity Regulatory Authority (ERA) has increased the prices of electricity.
ERA Board, approved the new electricity end-user tariffs to be charged by Umeme Limited for the supply of Electrical Energy in the Billing Period, October to December 2022 (quarter 4 of this year).
This communication was embolden in a Notice seen on ERA Website by DaParrot which reads in part that,
“Notice is hereby given that pursuant to Sections 10 and 75 of the Electricity Act, 1999 (Chapter 145 of the Laws of Uganda) as amended by Act No.4 of 2022, the Electricity Regulatory Authority (“the Authority”) has approved the Schedule of Electricity End-User (Retail) Tariffs to be charged by Umeme Limited for the supply of Electrical Energy in the Billing Period October to December 2022,”.
The increment come at a time when locals are grappling with inflation which has since hit 10%, worsening the prices of commodities.
DaParrot has learnt that ERAz before raising the tarrifs, undertook the Tariff Review of the Fourth Quarter of 2022 considering the Umeme Limited Distribution and Supply of Electricity Licenses, Eskom Uganda Limited License for Generation and Sale of Electricity, the Bulk Power Supply License issued to Uganda Electricity Transmission Company Limited and the Quarterly Tariff Adjustment Methodology, 2014.
The Tariff Review considered changes in; inflation rate leading to inflationary adjustment factor, exchange rate leading to exchange rate adjustment factor, and fuel prices at the international market leading to fuel price
