Electricity Tariff- is the rate at which electrical energy is supplied to a consumer. Electricity tariff (sometimes referred to as electricity pricing or the price of electricity) varies widely from country to country, and may vary significantly from locality to locality within a particular country. There are many reasons that account for these differences in price. The price of power generation depends largely on the type and market price of the fuel used, government subsidies, government and industry regulation, and even local weather patterns.
In standard regulated monopoly markets, like the case in Ethiopia, electricity rates typically vary for residential, commercial, and industrial customers. Prices for any single class of electricity customer can also vary by time of day or by the capacity or nature of the supply circuit etc. If a specific market allows real time dynamic pricing, a more recent option in limited markets to date typically following the introduction of electronic metering, prices can even vary between times of low and high electricity network demand.
(Xinhua, 20 April 2018)
The Ethiopian government on Friday revealed that Ethiopia's access to electric power grid system has now reached more than 57 percent. The Ethiopian Ministry of Water, Irrigation and Electricity, in its latest report presented to the Ethiopian House of Peoples and Representatives on Friday, indicated that the East African country's access to electric power has reached 57 percent, while the number of households that are connected through the national electric power grid system has reached to 2.8 million. According to Tilahun Legesse, Director of the National Electricity Provision under the ministry, the number of Ethiopian households and the reported percentage level is only attributed to the electric power energy, in which the contribution of other sources of energy would further augment the country's energy coverage.
(Featured Story/World Bank, March 8, 2018)
When it comes to energy, Ethiopia has tremendous advantages. It has the second-highest installed available capacity for electricity generation in Sub-Saharan Africa, at 4.5 GW. It has a well-developed transmission and distribution network, with nearly 80 percent of the population living within proximity of medium-voltage transmission lines. It has abundant sources of renewable energy just waiting to be tapped – including wind, solar and geothermal– enough to easily supply the power needs of the country. And it is one of the few countries in the world where the electric grid is nearly 100 percent supplied by renewable sources.
A signing ceremony of two grants Agreements took place at the Ministry of Finance and Economic Cooperation (MoFEC) between Admasu Nebebe, Ethiopian State Minister of Finance and Economic Cooperation, Frederic Bontems, Ambassador of France to Ethiopia and Mr Ignace Monkam-Daverat, the French Agency for Development (AFD) Regional Manager in Addis Abeba, for a total of 18 million euros. The first agreement, a 10 million euros grant will be provided by AFD in contribution to Urban Development will be part of a program co-financed by the World Bank and the government of Ethiopia. The aim is to strengthen the capacity and performance of local urban governments. It will contribute to expand sustainable urban infrastructure and services, as well as to promote local economic development in cities across Ethiopia.
With the second agreement, 8 million euros grant will be provided in contribution to the Tendaho Geothermal Development Project. It is funded by the European Union, through the European Union Africa Infrastructure Trust Fund (EU-AITF). This investment grant constitutes an additional funding to this project, which already benefited from a 9 million euros concessional loan from AFD and a total of 7,5 million euros from previous EU-AITF grants. The financing will enable to complete the drilling activities planned as part of the geothermal exploration and development effort in the Afar region.