comments3

2025-06-19 11:50:11 +02:00

Dudley

No I do not

The Application

In the span of 15 years, Eskom has increased electricity prices in South Africa by around 800%, and the utility is continuing to hike prices that South Africa’s economy and consumers cannot afford.

In Eskom’s latest multi-year price determination applications (MYPD6), the group announced the massive electricity price hikes it is seeking over the next three years:

36.15% from 1 April 2025 to 31 March 2026
11.81% from 1 April 2026 to 31 March 2027
9.10% from 1 April 2027 to 31 March 2028
Eskom said that Nersa has consistently refused to allow Eskom to make pricing cost-reflective, exacerbating the group’s financial difficulties and effectively kicking the can further down the road.

Despite the utility’s insistence that these increases are unavoidable, it has faced severe scrutiny from consumers and experts.

Energy Analyst Mthunzi Luthuli called these price increases “ridiculous”.

“I think there needs to be an investigation to see why it is that Eskom needs these kinds of revenues to run their business.”

Luthuli said that despite making incredibly high revenues, the utility has continuously failed to turn a profit.

For example, despite making a revenue of R259.54 billion for the year that ended March 2023, the company still made a loss of R24.21 billion, according to its financial results.

Eskom has had to keep increasing its prices at steep rates every year, going up by around 800% in 2007 to 2022/2023.

“It’s just ridiculous, and on top of that, they continue to request annual increases of 36%. It’s crazy, something to be done. ”

Some one - if not ESkom has to consider the plight of the poor, the less fortunate, single headed households, the unemployment rate in South Africa.
[Ps: Some detail taken from Business Tech]

2025-06-07 14:15:38 +02:00

Matthew

No I do not

imprudence/inefficiency of Eskom

They are criminals and incompetent fools.

2025-05-31 15:59:56 +02:00

Antonie.

No I do not

Other

2025-05-28 22:12:27 +02:00

Fanus

No I do not

Coal, Operating and Workforce costs