- ZNCC calls for an increase in consumer tariffs
In a bid to improve the performance of the Zimbabwe Electricity Supply Authority (ZESA) Holdings, the Zimbabwe National Chamber of Commerce (ZNCC) has urged the government to allow ZESA Holdings, increase electricity tariffs to aid the recapitalisation of the ailing utility.
The ZNCC called for an increase in electricity tariffs in a submission to the Ministry of Finance and Economic Development on its expectations for the 2022 national budget. “ZESA (must be allowed) charge cost-reflective tariffs that attract independent power producers (IPPs) in line with the IPP policy,” ZNCC said.
ZESA Holdings is currently grappling with ageing power stations, with only about three state-owned power stations operating at about 10% capacity. As a result, Zimbabwe’s government has been under pressure to bail out the ailing utility.