Q FM Africa's Modern Radio
The Energy Regulation Board (ERB) has exceeded its target of k200 million in non-tax revenue collection for the year 2021 by k130 million.
The k330 million translates into over 50% excess in non-tax revenue collection.
ERB Acting Director General Fred Hang’andu made the revelation during a media briefing in Lusaka today.
Mr. Hang’andu has attributed this to ERB’s proactive debt management interventions implemented during the period the cost of service study was undertaken from 2019 to December, 2021.
He says ERB remains steadfast in its commitment to ensuring the efficient provision of reliable and quality energy services and products.
Mr. Hang’andu adds that the energy regulation board shall continue to strive to attain its vision of being a proactive, firm and fair energy regulator that supports national development.
And Mr. Hang’andu has revealed that in order to ensure development in the petroleum, electricity and renewable energy sub-sectors is not hampered by non-compliance to industry standards, ERB convened numerous enforcement hearings against erring licensees where a total of 55 licensees who were found wanting were penalized according to the energy regulation act no. 12 of 2019.