BREAKING: ZERA rejects electricity tariff increase application

By Michael Gwarisa

THE Zimbabwe  Electricity Transmission and Distribution Company (ZETDC) application to to review electricity tariffs by 49 percent from the current level of USc9.86/KWh to USc14.69/KWh has been rejected.

Briefing Journalists in the capital this afternoon (20 July 2016), the Zimbabwe Energy Regulatory Authority (ZERA) Chairperson Ester Khosa said the move to halt the tariff increase was driven by the feedback they received from stakeholders across the economic divide.

“ZERA has reviewed the tariff application from the ZETDC in terms of the provisions of Section 53 (2) of the Electricity Act (Chapter 13:19) of 2002. ZETDC’s application was applying for a 49 percent upward review of the electricity tariff from the current level of USc9.86/KWh to USc14.69/KWh corresponding to a revenue requirement of US$1.218 billion for the supply of 8 296 GWh of electricity.

“As part of the tariff review process, ZERA conducted consultations with various stakeholders which included consumer groups, other regulators and policy makers. The consumer groups included mining, agricultural, commercial, industrial and domestic. The consultations were done through public hearing, individual, written submissions including direct meetings and presentations to principals.

“After duly considering the tariff application, the written and oral submissions from various consumer groups and stakeholders as well as facts and evidence provided by ZETDC, the ZERA Board on 14 July 2016 made a determination that the current tariff of 9.86c/KWh be retained for the year 2016,” said Khosa.

For more details get your free copy of The Business Connect Newspaper in any one of the following outlets this Friday 22 July 2016. Spar Outlets, Food Lovers Avondale, Born Marche OR Call +263 772 400054, +263 776 280 754 

 

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