You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
 Registered users can save articles to their personal articles list. Login here or sign up here

Zimbabwe hikes average electricity tariff by 320% – energy regulator

To allow the state power utility to ramp up production and improve supplies.

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.

Power cuts lasting up to 18 hours have hit mines, industry and homes and, together with a devastating drought, have been cited by the treasury as among the main reasons why the economy is set to contract by up to 6% this year. 

Read: Zimbabwe: Heading backwards again and fast

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   2

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

Equality and freedom, at last. Well done Zimbabwe: the shining light of socialism.

…..overnight stop over in Harare ….the cacophony of every home, mini-mart, garage etc running cheap “rattle & bang” Chinese generators, tells either, electricity is a luxury seldom experienced or elec-theft has too be compensated for

not sure who is going to be effected by this 320%

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: