BUSINESS REPORTER
Power utility ZESA has with immediate effect increased electricity tariff by 356% to US$0.1063 per kilowatt hour (kWh) from US$0.0233 kWh,which it said was non-cost reflective.
The sub-economic tariff had left ZESA in a crisis.
In a statement Sunday, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a unit of ZESA Holdings said the price hike will now ensure viability and sustainability of the power utility.
“ZETDC wishes to advise its valued clients that the Zimbabwe Energy Regulatory Authority has approved a tariff adjustment in order to restore the value of the tariff to a level of US$c10.62/kWh which was approved in 2019. This adjustment will go a long way in enabling the utility to carry out its mandate of delivering services to the public,” ZETDC said
