Maputo — Mozambique's publicly-owned electricity company, EDM, expects to lose about 15 million US dollars this year from the price cuts ordered by the government, as part of its response to the coronavirus pandemic.
Speaking at a Maputo press conference on Wednesday, EDM spokesperson Luis Amado said a third measure is to allow businesses to defer payment of the fixed fee on their electricity bills.
Consumers on the social tariff "have been protected in all the electricity price rises of the last four years", said Amado.
The low voltage clients on the general tariff, he said, are offices, workshops and other small businesses who have installed power of between 19.9 and 39.9 kilowatts.
Amado said that, taken together, these price cuts will deprive EDM of about 15 million dollars.
