Electricity Prices To Go Up: ZETDC On Tariff Hike
Published: 2016 May 11 06:52:32 (5096 Views)
The government has been approached by Zesa Holdings,with a Zimbabwe Energy Regulatory Authority approved application of a 14 percent hike of electricity tariff.
An inter-Ministerial Committee is currently studying Zera’s determination to have electricity charges raised from 9,83 cents per kilowatt per hour to 11,2c.
Zesa Holdings, through the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), had applied for a tariff increase of 14,6c/kWh to help finance imports to mitigate power shortages and expand generation capacity.
Added the source: “The agreement is that the Ministers, after their deliberations and finding a common position, will take the position to Cabinet for endorsement, through the ideal ministry. In essence the 11,2c/kWh is waiting for Cabinet approval only. Zera had promised to come back with a determination two weeks after their consultations in January but now it’s more than four months. The reason being that they had to find a win-win situation.”
ZETDC managing director Engineer Julian Chinembiri said they were still waiting for a response to their application.
He said the delay in announcing the tariff was affecting their operations.
Zimbabwe is spending millions of dollars importing power mainly from South Africa (300MW) and Mozambique (40MW) on a cash basis model.
The development has seen Zesa cutting down on load shedding consumers since December last year.
- Chronicle
An inter-Ministerial Committee is currently studying Zera’s determination to have electricity charges raised from 9,83 cents per kilowatt per hour to 11,2c.
Zesa Holdings, through the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), had applied for a tariff increase of 14,6c/kWh to help finance imports to mitigate power shortages and expand generation capacity.
Added the source: “The agreement is that the Ministers, after their deliberations and finding a common position, will take the position to Cabinet for endorsement, through the ideal ministry. In essence the 11,2c/kWh is waiting for Cabinet approval only. Zera had promised to come back with a determination two weeks after their consultations in January but now it’s more than four months. The reason being that they had to find a win-win situation.”
ZETDC managing director Engineer Julian Chinembiri said they were still waiting for a response to their application.
He said the delay in announcing the tariff was affecting their operations.
Zimbabwe is spending millions of dollars importing power mainly from South Africa (300MW) and Mozambique (40MW) on a cash basis model.
The development has seen Zesa cutting down on load shedding consumers since December last year.
- Chronicle
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2016 May 11 08:42:45
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