Mixed feelings over recent electricity tariff hike

Precious Nyakudya |  7 months ago | local

The business sector has expressed mixed feelings over the 12,3 percent electricity tariff hike, introduced by the Zimbabwe Electricity Supply Authority, effective beginning of January.

Zimbabwe National Chamber of Commerce chief executive officer Christopher Mugaga said the increase has come at a time , the power supply is erratic posing a further threat to industry viability.

Confederation of Zimbabwe Retailers President Denford Mutashu said the current tariff hike will have a negative effect on the product value chain and subsequently see a push in pricing.

Meanwhile, Zimbabwe Commercial Farmers Union President Shadreck Makombe commended the move saying it will help the authority stay afloat and give impetus to its recapitalisation plan.

The first 200 units of electricity on pre-paid meters now cost $1,265 up from just under $1,127.