Ethiopia has made $81.6 million from the sale of electricity to Djibouti and Sudan in a year which runs from July 8, 2017-July 7, 2018, according to a statement on Friday by the Ministry of Water, Irrigation and Electricity.Despite a plan to earn $86.62 million from the export of 1.512 billion kilowatt hours of electricity, the country secured $81.6 million by exporting 1.466 billion kilowatt hours of electricity.
According to the Ministry, the country earned $47.5 million from electric power sales to Sudan, while export to Djibouti generated $34.1 million. According to the World Bank, Ethiopia has the second highest available energy generation capacity in Sub-Saharan Africa, with nearly 100 percent coming from renewable energy generation (mostly hydro power), and vast and mainly untapped solar, wind, and geothermal clean energy resources.
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, 01 March 2018)
Ethiopia earned 35.06 million US dollars from energy exports to Sudan, Djibouti and Kenya in the first six months of the current Ethiopian Fiscal Year, which started on July 9, 2017, an Ethiopian official said on Wednesday.