an increase of 320% of the electric tariff is added to the 18 hours of daily load shedding

(Ecofin Agency) - In Zimbabwe, the Electricity Regulatory Authority (ZERA) approved the request by the Zimbabwe Electricity Transmission and Distribution Company to change the price of the kilowatt-hour of electricity from 38,61 to 162,16 cents (0,106 1 $). This increase, which comes during the energy crisis, represents a growth of 320% of the current electricity tariff.

According to the ZERA, this increase is necessary to cope with the inflation that stood at 300% in August due to the dramatic fall of the Zimbabwean dollar, reintroduced into the economy last June. It will enable ZETDC to raise the necessary funds to pay the $ 19,5 million energy imports generated each month and for the repair of stationary power plants in the country.

This tariff increase, which is the second of this year, is likely to be unpopular among the population who are currently without electricity 18 hours per day. In addition, over the past week, they have seen an increase in the price of gasoline and commodities while the payment of wages is becoming increasingly erratic.

All these reasons underlie the forecast of a contraction of 6% of the country's economic performance for this budget year.

Gwladys Johnson Akinocho

Read also:

19 / 07 / 2019 - Zimbabwe: in the midst of the energy crisis, ZESA plans to increase electricity tariff

30 / 09 / 2019 - Zimbabwe: In Crisis, Government Announces Improbable Increase in Exports to Namibia

This article appeared first on https://www.agenceecofin.com/distribution/0910-69973-zimbabwe-une-augmentation-de-320-du-tarif-electrique-vient-s-ajouter-aux-18-heures-de-delestage-journalier