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Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of Zesa Holdings has increased electricity tariffs by 50 percent.
The power utility increased its tariffs by 50 percent with the new prices coming into effect Wednesday September 23, 2020.
These adjustments are for tariffs on the prepaid system and do not include the fixed monthly charge of Z$10.86 as well as the Rural Electrification levy of 6 percent and 14.4 percent Value Added Tax.
ZETDC announced the increase in accordance with Tariff Award of October 2, 2019 which approved the implementation of the monthly indexation formula for changes above 10 percent.
“The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has adjusted the electricity tariffs by 50 percent,” reads the statement.
According to the latest adjustment, the first 50 units of electricity for the month will now cost Z$37 at Z$0.74 (74 cents) per kWh.
The next 200 units now cost Z$243.00 at a cost of Z$1.62 per kWh while 300 units will be sold at Z$1 323 at a cost of Z$4.41 per kWh.
“This is in accordance with the tariff award of 2 October 2019, which approved the implementation of monthly tariff indexation formula for changes above 10%. Below are the tariffs in ZWL that will be applicable with immediate effect,” ZETDC said in a statement.
Going forward the first 50 kWh will be sold at $10.86 while the second band which is commonly purchased by consumers from 51 to 200 kWh will now be sold at $0.74 per unit.
The third band which begins from 201 to 300 kWh will be sold at $1.62 per unit and any purchases thereafter will be sold at $6.92 per unit.
The fixed monthly charge now stands at $10.86 while for mining, industrial, commercial and pumping works will now attract a fixed monthly charge of $66.44 and energy per kWh now stands at $357.
“The rates are exclusive of the 6% Rural Electrification Levy and 14.5% VAT. In terms of Statutory Instrument 168 of 2012, electricity charges for domestic customers are zero-rated for VAT and in terms of Statutory Instrument 215 of 2005, fixed charges on commercial and domestic electricity are zero-rated for VAT,” the ZETDC said.
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