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ERB exceeds Non -Tax revenue license fees Budget target by 65%

• Board is charged with the responsibility to collect license fees as Non-Tax Revenue on behalf of the government
• ERB collected 168 million, 177 thousand, 182 Kwacha against a budget of 102 million, 73 thousand, 896 Kwacha of Non -Tax revenue license fees
• Board approved the bulk supply agreement between Zesco limited as the seller and Copperbelt Energy Corporation (CEC) as the purchaser

Energy Regulation Board (ERB) has revealed that it facilitated the collection of Non -Tax revenue license fees amounting to 168 million, 177 thousand, 182 Kwacha against a budget of 102 million, 73 thousand, 896 Kwacha, exceeding the budget by 65 percent during the first six months of the year.
Speaking during the launch of the Management Information System (MIS) and media briefing, ERB Director General Yohan Mukabe said the Board is charged with the responsibility to collect license fees as Non-Tax Revenue on behalf of the government under the policy direction of the Ministry of Finance and Ministry of Energy.
Mr. Mukabe also disclosed that during the period under review, the Board approved the bulk supply agreement between Zesco limited as the seller and Copperbelt Energy Corporation (CEC) as the purchaser.
He said the agreement also contains the terms that provide for CEC to wheel power on behalf of Zesco for the latter’s customers based on the compliment.
“The Agreement is for the duration of 13 years with the contracted capacity estimated between 180 Mega Watts in 2022 to 380 Mega Watts in 2035,replacing the old one which expired on 31st March ,2020”, he added
Mr. Mukabe noted that the agreement guarantees security of supply to the mining houses and other Electricity consumers on the Copperbelt.
“It should be noted that the tariffs for Bulk Supply Agreements or Power Purchase Agreements are a Bilateral Agreement between the two contracting parties and are only presented to the ERB for review and regulatory consent. This is to ensure that the agreements comply with tariff determination principles and meet the minimum benchmark tariff for that customer category”, he explained
Meanwhile, Mr. Mukabe further revealed that during the period of first half of 2022, the Board implemented the Import Parity Pricing (IPP) model for Jet A-1.
“The Publication of Jet A-1 prices using the IPP was migrated from the second Wednesday of every month to the last working day of the month consistent with the 30 day pricing cycle of all petroleum products”, he said.

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