Zimbabwe: ZETDC raises tariffs again

Faced with a tumbling local currency and soaring inflation, Zimbabwe Electricity Transmission & Distribution Company (ZETDC) has increased the price of electricity by 19% from 1 March. The increase is the second in six months, following a 200% rise in October 2019. Announcing the increase in late February, ZETDC managing director Ralph Katsande said the new tariffs would ensure the ailing utility could continue to import electricity. He said ZETDC would use a monthly tariff indexation formula, taking account of fundamentals such as the exchange rate and inflation.