Zimbabwe's electricity tarifss - effective 1 August
By Staff Writer | 03 Aug 2019 at 20:54hrs
ZESA Holdings is set to mobilise essential resources for energy supply after Government okayed an increase to a competitive tariff regime.
This will be implemented through a differentiated scale, as announced by Finance and Economic Development Minister Professor Mthuli Ncube in his 2019 Mid-Year Budget Review Statement and Supplementary Budget.
This comes as the country's electricity has been dire, crippling industry operations as well as causing strain to the domestic market that has to bear hours of load-shedding.
ZESA had last reviewed tariffs in 2013, which have since been eroded by the challenging economic environment characterised by foreign currency shortages as well as inflationary pressures.
In a statement earlier, Zimbabwe Electricity Transmission and Distribution Company (ZETDC) indicated a tariff increase would enable it to raise the required working capital.