ZESA Considering Power Tariff Increase

Local power utility, ZESA Holdings have indicated intentions to increase power tariffs as the local currency continues to shed value, particularly against the USD.

Zimbabwe Energy Regulating Authority (ZERA) acting CEO, Mr Eddington Mazambani revealed on Thursday 19th of September 2019 during the Portfolio Committee on Energy and Power Development that maintaining the current tariffs was not sustainable.

Electricity tariffs were reviewed up following the 2019 mid-term budget presentation from an average of ZWL9.86c/kWh to an average of ZWL45c/kWh for non-exporting businesses and an increase from an average of ZWL9.86c/kWh to an average of ZWL27c/kWh for domestic consumers.

Electricity tariff for ferrochrome smelters and other miners remained unchanged at US$0.067/kWh and US$0.0986/kWh respectively.

Meanwhile, the country is still marred by electricity shortages. It has since engaged South Africa and Mozambique power utilities, in that order, ESKOM and Hydro Cahorra Bassa for the importation of electricity.

More: Equity Axis

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