GOVERNMENT says the 17 percent adjustment in tariffs over the next five years, if need be, will be determined by the Energy Regulation Board. And government has accepted the COSS recommendation that ZESCO’s financial position needs urgent intervention. In a final COSS report dated December 21, 2021 prepared for ERB by Energy Market and Regulatory Consultants (EMRC), the company proposed a 17 percent increase in tariffs over the next five years. But in a Green Paper on the COSS released to the public for comments, government said while it agreed with the principle of migration to cost reflectivity, it did not support the study recommendation which placed a heavier tariff burden on residential customers. “While Government agrees with the principle...