{"id":59301,"date":"2024-11-11T19:15:29","date_gmt":"2024-11-11T19:15:29","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eec-anticipates-negative-response-to-tariff-increase"},"modified":"2024-11-11T19:24:55","modified_gmt":"2024-11-11T19:24:55","slug":"eec-anticipates-negative-response-to-tariff-increase","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eec-anticipates-negative-response-to-tariff-increase","title":{"rendered":"EEC ANTICIPATES NEGATIVE RESPONSE TO TARIFF INCREASE"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>Eswatini Electricity Company is seemingly prepared to get a negative response to the applied tariff increase.<\/b><\/p>\n

This is because the entity is treating the application as risk factor and is watching the application process with hawkish eye. \u201cEmerging\/Watch Risks – tariff award by the Regulator: Tariff (2023 to 2025) \u2013 Award of non-cost reflective tariff\/lower than applied for,\u2019 reads the organisations annual report for 2023. Other risks that the organisation is watching include overworked staff, a factor associated with high overtime. Others include fraud, negative stakeholder perception, environmental compliance risk (upcoming thermal plant).<\/p>\n

The organisation also reported a to watch factor associated to high staff turnover and lack of critical skills, particularly the information technology and protection departments.<\/p>\n

Another risk fact that the company is watching is the permanent interruption to power supply.<\/p>\n

Critical<\/b><\/p>\n

\u201cIn line with the requirements of the King IV report, the Audit and Risk Committee exercised its oversight role on IT Governance, wherein critical matters of IT Governance and information security, especially cybersecurity threats, the prevalence of which heightened after the COVID-19 period, were considered during quarterly meetings.\u201d This newspaper, was however not privy to the mitigation plan to contain or avoid these risks. It has also been mentioned that EEC may introduce a block tariff for lifeline customers who are considered to be low-income consumers. This will be done as the company recognises the impact of tariff increases on the economy and households, especially the small businesses and the indigent.<\/p>\n

Lifeline<\/b><\/p>\n

\u201cThis tariff proposal considers the adoption of the subsidy framework by our legislators that includes an inclining block tariff for our lifeline customers who are considered to be low-income consumers,\u201d reads the organisation\u2019s proposal submitted to ESERA.<\/p>\n

For More News And Analysis About Eswatini Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. Eswatini Electricity Company is seemingly prepared to get a negative response to the applied tariff increase. This is because the entity is treating the application as risk factor and is watching the application process with hawkish eye. \u201cEmerging\/Watch Risks – tariff award by the Regulator: Tariff (2023 to 2025) \u2013 Award of […]<\/p>\n","protected":false},"author":84,"featured_media":59300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[249],"class_list":["post-59301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-eswatini"],"yoast_head":"\nEEC ANTICIPATES NEGATIVE RESPONSE TO TARIFF INCREASE - Eswatini<\/title>\n<meta name=\"description\" content=\"Eswatini Electricity Company is seemingly prepared to get a negative response to the applied tariff increase. 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