BY MBONGENI NDLELA
MBABANE – Government has taken a proactive step to cushion consumers from the electricity tariff hike approved for the 2025/26 and 2026/27 financial years.
While the Eswatini Energy Regulatory Authority (ESERA) sanctioned an increase of 14.67% and 10.91% respectively, government has intervened to ensure that businesses and individual consumers will only experience an 8% increase in 2025/26 and a 7% increase in 2026/27.
Announcing the decision, Minister of Natural Resources and Energy Prince Lonkhokhelo stressed government’s commitment to balancing economic sustainability with consumer protection.
“Electricity is as essential as the air we breathe. Excessively high prices would hinder national economic recovery and growth. This intervention is aimed at easing the financial burden on our people while ensuring uninterrupted power supply,” the Minister stated.
Public consultations and regulatory decisions
Government acknowledged the extensive public engagement during the tariff application process, commending citizens for their active participation and peaceful conduct. ESERA was also lauded for its diligence in conducting a thorough assessment before approving the tariff adjustments.
Despite the justified need for tariff increases, government recognized that the economic climate remains fragile. Thus, measures have been put in place to absorb part of the increase, ensuring affordability for consumers while allowing the Eswatini Electricity Company (EEC) to maintain operations effectively.
Ensuring long-term energy stability
In addition to short-term relief, government is accelerating new power generation projects to reduce dependence on expensive electricity imports. Independent Power Producers (IPPs) are expected to play a crucial role in boosting national energy security, with major projects set for completion within the next two years.
To further mitigate future price shocks, the Ministry has tasked ESERA with reviewing the tariff methodology. This aims to stabilize electricity pricing by reducing extreme fluctuations in rates.
Encouraging energy efficiency
Consumers have also been encouraged to adopt energy-saving practices to minimize wastage and manage electricity bills effectively.
The Minister reiterated that responsible consumption is a shared responsibility and plays a vital role in sustainable energy use.
Commitment to economic recovery
While reaffirming that this intervention does not set a precedent for altering regulatory decisions, government underscored its commitment to supporting economic growth and consumer welfare.
“We remain steadfast in our goal to safeguard and improve Eswatini’s economy. Our nation thrives when all Emaswati have access to affordable and sustainable resources,” the Minister concluded.
Government expressed appreciation to His Majesty the King, the Prime Minister, ESERA, EEC, and all stakeholders involved in the process. With a collaborative approach, Eswatini moves forward in ensuring energy stability and economic resilience for all.
(Pics: EBIS)