‘High tariffs on electricity, low energy consumption undermine businesses’

Schneider Electric

Experts across various energy sectors have said that high tariffs on electricity and low energy consumption are major stumbling blocks undermining the growth of businesses in rural West African communities.

They lamented that the situation had become worse as basic lighting could not be afforded as a result of the current economic downturn. An expert at Schneider Electric, Teina Teibowei, who spoke during an energy conference, stressed the importance of electricity to the growth of the local economy, adding that there is a need for a renaissance of energy consumption in the areas to improve efficiency.

Teibowei noted that Schneider Electric is committed to proffering solutions to the adoption of electrification projects in West Africa as it grapples with access to reliable and affordable energy.

She said: “The high tariffs associated with electricity use in rural areas pose a significant barrier. In communities with limited economic opportunities, even basic lighting can be prohibitively expensive, discouraging adoption.”

“This reality is further compounded by the low energy consumption patterns in these communities, characterised by single lights and sockets in homes.” She, therefore, stressed the need to create economic activities that encourage and demonstrate the value of electricity.

In his contribution, Country President, Schneider Electric West Africa, Ajibola Akindele, said addressing affordability concerns, creating economic opportunities, and fostering a culture of energy consumption, would unlock the true potential of rural electrification in West Africa, as well as empower the communities.

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