Steep increases in electricity tariffs

Business Top Stories Zimbabwe

… Prices set to be reviewed monthly 

THE price of electricity has gone up by 227 percent and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), says that prices will now be reviewed on a monthly basis.

Power charges have risen from 2 US cents to 12 US cents per kilowatt hour, with effect from today.

“The rates are exclusive of the 6% Rural Electrification Levy and 15% VAT. In terms of Statutory Instrument 168 of 2012, electricity charges for Domestic customers are zero rated for VAT and in terms of Statutory Instrument 215 of 2005, fixed charges on Commercial and Domestic electricity are zero rated for VAT.

“Maximum Demand (MD) customers are urged to peak during off-peak periods. For a customer who attains MD during off-peak, the applicable MD is the one attained during the peak or standard period,” said the ZETDC in a statement.