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The Zimbabwe Electricity Supply Authority has purportedly lost near $4,5 billion due to uneconomic ratecharges during the lockdown time , thus the ongoing choice to climb the taxes by 150%.
Energy Minister Zhemu Soda told the Senate last Thursday that, Zesa sources of income dropped significantly as customers’ disposable salaries were obliged during the period from March to September this year..
“People were not earning much because of the COVID-19 lockdown. The energy company lost a total of $4,5 billion. It was very difficult to rectify or fix anomalies within the power company because of lack of funds,” Soda said.
“People were not earning much a result of the COVID-19 lockdown. The energy organization lost a total of $4,5 billion. It was hard to redress or fix within the company due to lack of funds,” Soda said.
He added that nothing was done but the has pushed for people to get electricity even during the period of lockdown and this became a huge loss to the company.
“Right now, nothing was being done, however the government made it a point that people got power in any event, even during the lockdown. There was a loss of electricity tarrifs by 337%. In March the duties were esteemed at US$0,10. Now the tariffs have ascended as at November 1, 2020 for domestic use to US$6,03,” he said.
He said autonomous force makers additionally offered power to the Zimbabwe Electricity Transmission and Distribution Company at US$0,90 per kWh.
“For those who are using electricity for domestic use, the difference is being taken as a subsidy from government so that people do not pay all the money as expected from the electricity that is imported from other countries. There are also transmission costs to cover the cost of getting electricity to this country as well as distribution costs, including labour for the workers who are working in the energy industry,” Soda said.
“For the individuals who are using power for domestic use, the difference is that matters is being taken as a sponsorship from government so that people do not pay all the money as expected m from the electricity that is imported from different countries. There are additionally transmission expenses to take care of the expense of getting power to this country as well as distribution costs, including labour for the workers in the energy industry,” added the Minister
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