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The National Energy Regulator of South Africa (Nersa) recently published Eskom’s revenue application for the next three financial years, open for public comment until 1 November 2024.
NERSA will consider all public comments before a decision is taken on this matter.
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Open in new tab R2,960 per month electricity price blow for South Africans
Eskom’s proposed 36.15% tariff increase will mean South Africans will pay R2,960 more per month for electricity than they did in 2010—an increase that is far above inflation over the same period.
The National Energy Regulator of South Africa (Nersa) recently published Eskom’s revenue application for the next three financial years, open for public comment until 1 November 2024.
As South Africans consider the likelihood of higher tariffs starting in April 2025, the conversation around energy affordability is increasingly turning toward alternative, self-reliant power sources like solar energy.
Eskom argues that its pricing must become cost-reflective, meaning electricity tariffs should cover the true cost of producing and distributing power.
According to the utility, Nersa has historically rejected Eskom’s attempts to adjust prices accordingly, worsening its financial troubles and postponing necessary reforms.
Now, Eskom claims that moving toward cost-reflective pricing will prevent the sudden, sharp price hikes that have shocked consumers in recent years.
Unfortunately, the numbers still paint a grim picture … [read more]