In what will come as bad news for the general population which is struggling to cope with price increases, the Zimbabwe Electricity Distribution Company’s (ZETDC) is set to increase its electricity tariffs citing the devaluation of the local currency. Electricity may go up by as much as 30 per cent.
Zimbabwe Electricity Distribution Company’s (ZETDC) commercial services manager Richard Mariwa told NewsDay yesterday
Basically, what we are looking at is that we need to look at the implications of the monetary policy before we can then put scenarios. Right now, we are still discussing with the relevant authorities to find out the implications of the monetary policy on the tariffs.
It is not cost reflective. But, be that as it may, we need to find out what are the fundamentals that need to be considered, moving forward. If you look at it to bring it back to the same (tariff level before the 2019 monetary policy in terms of USD) or something nearer to that you are talking about the 25% to 30% range.
This may be one of the few cases where Whatsapp rumours are actually correct as there has been a message warning of price increases.