The Electricity Supply Corporation of Malawi (ESCOM) has trashed rumours hovering on the social media claiming that the power utility body is planning to adjust upwards electricity tariffs anytime soon.

One of the local daily papers in the country on Wednesday carried a story claiming that the Malawi Energy Regulatory Authority (MERA) is seeking a 10 percent electricity tariffs hike.

The news attracted panic among Malawians with many claiming that the development result into a hike various commodities on the market.

Speaking in an interview with the press, ESCOM’s Public Relations Manager Innocent Chitosi has described as untrue rumors that they have recently penned the Malawi Energy Regulatory Authority (MERA) requesting an upward adjustment.

“It is not true that we have asked MERA to allow us to review upwards electricity tariffs,” said Chitosi.

In 2018 the company made an agreement with MERA to be revising upwards electricity tariffs in a segmented manner.

From the then proposed about 31% adjustment ESCOM is remaining with a 10% adjustment which they are yet to implement.