Zimbabwe electricity price shoots up by 320%

A worker checks a furnace used to produce wall plaster as the Plaster Centre plant is forced to run at night to avoid 18-hour daily power cuts in Harare, Zimbabwe, July 25, 2019. REUTERS/Philimon Bulawayo

Zimbabwe’s power regulator has increased the average electricity price by 320%.

The decision was taken to allow it to ramp up production and improve supplies amid daily power cuts.

Essentially, the electricity company needs more money to pay for things like diesel to power the generators.

Zimbabwe is grappling with the worst economic crisis since the 2017 coup which unseated President Robert Mugabe.

The increase in electricity prices – the second in the past three months – has angered Zimbabweans who are already struggling with sharp increases in the prices of fuel and basic goods.

The government says rolling power outages, which last up to 18 hours a day, have affected mines, factories and households.

It says the power shortages, combined with a devastating drought, mean Zimbabwe’s struggling economy is set to shrink this year.

ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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