Zimbabweans should brace themselves for another power tariff hike as inflation and shortage of foreign currency mounts pressure on State-owned electricity company Zesa to increase charges.
Zesa last reviewed tariffs in August.The August move did not improve power supply.
After the August review, non-exporting businesses now pay an average of ZWL9,86c/kWh to an average of ZWL45c/kWh.
The electricity tariff for domestic consumers will be increased from an average of ZWL9,86c/kWh to an average of ZWL27c/kWh.
Clearly this didn’t help curb the issue of power shortages. Now Zesa are said to have applied to the Zimbabwe Energy Regulatory Authority seeking another adjustment in the electricity tariffs.
In a statement yesterday, ZETDC claimed that the current tariffs are no longer sustainable for the company.
“The Zimbabwe Electricity Transmission and Distribution Company has applied to the Zimbabwe Energy Regulatory Authority for the adjustment of the electricity tariff in terms of section 53 (2) of the Electricity Act (Chapter 13: 19) of 2002. The current tariff 38,61c/kWh has been severely eroded due to the movement of macroeconomic fundamentals,” read part of the statement.
ZETDC says that the applied tariffs will help with the procurement of urgently needed spares and also raise working capital among others. But one will always question if this hike will address the power shortages the country is facing.