Zimbabwe hikes average electricity tariff by 320% - energy regulator

Power cuts lasting up to 18 hours have hit mines, industry, and homes and, together with a devastating drought.

Zimbabwe has increased the average electricity tariff by 320%.

HARARE - Zimbabwe has increased the average electricity tariff by 320-percent to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.

READ: Zimbabwe secures more electricity imports to ease outages

Power cuts lasting up to 18 hours have hit mines, industry, and homes and, together with a devastating drought, have been cited by the treasury as among the main reasons why the economy is set to contract by up to six-percent this year.

Source
Reuters