HARARE - Hard pressed consumers have applauded the decision by the Competition and Tariff Commission (CTC) to force Zesa to reduce tariffs.On Friday last week TCT published the findings of an investigation on the power utility that showed that Zesas consumer-end tariff of $0,753 per kilowatt-hour.
According to the findings the tariff were not based on proper costing.
Reason Mungwari of Dzivarasekwa said the decision had brought a relief to the long suffering consumers.
For the first time we have a decision that has been made in the best interests of consumers. Zesa was abusing its monopoly, he said.
Mawarire said it was imperative that operators be investigated with the hope of ensuring that they did not profiteer. Since the adoption of the United States dollar last year businesses have been accused of charging high charges that were detrimental to the recovery of the economy.
The authority said Zesa Holdings should do away with its parent-subsidiary structure and merge into one entity after noting the national power utility was committing a large portion of tariff income to the salaries and benefits of directors and managers.
Post published in: World News