Despite a court challenge and over 2,000 submissions from stakeholders attempting to block it, Eskom will go ahead with an additional R54 billion in charges to electricity users due to earlier errors by the energy regulator, NERSA.
NERSA confirmed over the past weekend that the extra amount will stand. As a result, South African consumers will see their electricity bills rise by an average of 8.76% this year, higher than the 5.36% increase NERSA had initially projected more than a year ago.
The new rates will take effect on 1 April for Eskom customers and on 1 July for those receiving electricity through municipalities. The adjustment follows a recalculation of Eskom’s revenue to correct previous mistakes made by NERSA.
Next year, the tariff increase is set at 8.83%, up from the originally planned 6.19%, as the additional R54 billion in revenue will be phased in over several years. Another R19.7 billion will be carried forward for future tariff hikes.
NERSA confirmed over the past weekend that the extra amount will stand. As a result, South African consumers will see their electricity bills rise by an average of 8.76% this year, higher than the 5.36% increase NERSA had initially projected more than a year ago.
The new rates will take effect on 1 April for Eskom customers and on 1 July for those receiving electricity through municipalities. The adjustment follows a recalculation of Eskom’s revenue to correct previous mistakes made by NERSA.
Next year, the tariff increase is set at 8.83%, up from the originally planned 6.19%, as the additional R54 billion in revenue will be phased in over several years. Another R19.7 billion will be carried forward for future tariff hikes.