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Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of Zesa Holdings has increased electricity tariffs, Nhau has learnt.
The power utility increased its tariffs by 50 percent with the new prices coming into effect Wednesday September 23, 2020.
These adjustments are for tariffs on the prepaid system and do not include the fixed monthly charge of Z$10.86 as well as the Rural Electrification levy of 6 percent and 14.4 percent Value Added Tax.
ZETDC announced the increase in accordance with Tariff Award of October 2, 2019 which approved the implementation of the monthly indexation formula for changes above 10 percent.
“The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has adjusted the electricity tariffs by 50 percent,” reads the statement.
According to the latest adjustment, the first 50 units of electricity for the month will now cost Z$37 at Z$0.74 (74 cents) per kWh.
The next 200 units now cost Z$243.00 at a cost of Z$1.62 per kWh while 300 units will be sold at Z$1 323 at a cost of Z$4.41 per kWh.
