BREAKING: Electricity Tariffs Hiked With Immediate Effect

Speaking about the electricity situation in the country, Finance and Economic Development Minister, Mthuli Ncube said that electricity tariffs are to be increased with immediate effect. Below are the new tariffs:

• The electricity tariff for Non-Exporting businesses be increased from an average of ZWL9.86c/kWh to an average of ZLW44c/kWh (approximately USc5/kWh);
• The electricity tariff for domestic consumers be increased from an average of ZWL9.86c/kWh to an average of ZWL27c/kWh (approximately USc3/kWh), which is subsidised;
• The electricity tariff for Agriculture consumers be increased from an average of ZWL9.86c/kWh to an average of ZWL27c/kWh (approximately USc3/kWh), which is subsidised;
• Maintain the tariff for ferrochrome smelters and other miners to be maintained at US$0.0986/kWh, respectively, and ensure that the resources are ring-fenced in a Special Account solely for purposes of importing electricity.
• ZESA to be allowed to bill all other exporters and foreign currency earners in foreign currency and ensure that the resources are ring-fenced in a Special Account solely for purposes of importing electricity.