Harare – Zimbabwe’s energy regulator has allowed the state power company to increase tariffs by 50% from Thursday while another hike by the same margin would come into effect next month.<\/p>\n
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) had already raised tariffs by 50% on September 23 to bring its rates in line with inflation running above 700%.<\/p>\n
The increase would hit residents whose salaries have lagged inflation, while businesses could pass on the cost to consumers.<\/p>\n
Zimbabwe Energy Regulatory Authority (ZERA) said in a letter to ZETDC that the government had okayed the “outstanding tariff adjustments.”<\/p>\n
ZERA chief executive Edington Mazambani confirmed the increases.<\/p>\n
Last year in October, the power company hiked the average electricity tariff by 320% in a bid to ramp up production and improve supplies.<\/p>\n
Zimbabwe has managed to keep the lights on since March after businesses were either shut or cut production after a government imposed lockdown to curb the Covid-19 pandemic.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Harare – Zimbabwe’s energy regulator has allowed the state power company to increase tariffs by 50% from Thursday while another hike by the same margin would come into effect next month. The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) had already raised tariffs by 50% on September 23 to bring its rates in line with […]<\/p>\n","protected":false},"author":84,"featured_media":9282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1388,1473,747,645],"class_list":{"0":"post-28376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-covid-19","10":"tag-power-tariffs","11":"tag-zera","12":"tag-zetdc"},"yoast_head":"\n