Electricity Costs Set For Nearly 400% Increase by 2028

The Ethiopian Electric Utility announced a rolling increase in power tariffs over the next four years as part of a comprehensive power sector reform. Quarterly increments averaging 10% will be progressively applied, with the first round slated for next month. This will result in EEU customers facing an average power utility cost increase of 400% by 2028. A four-year electricity tariff adjustment plan as part of realizing cost recovery targets in the power sector is one of the key reforms agreed to as Ethiopia accepted the International Monetary Fund’s (IMF) prescribed program in late July.