Cape Town – Electricity prices are set to rise this week as Eskom introduces new tariffs, ranging between 12.72% and 12.74%.
The National Energy Regulator of South Africa (NERSA) approved these increases in December last year.
The new tariffs affect local authority charges and Eskom direct customers differently.
Industrial and urban tariffs will see an average increase of 13.29% due to the affordability subsidy charge, which subsidises the Homelight 20A tariff.
The 12.72% electricity price hike by Eskom kicked in yesterday. Power Utility’s Regulation General Manager Hasha Tlhotlhalemaje says South Africa’s electricity prices are still lower than they should be. #Newzroom405
Watch: https://t.co/62oEHGI8n0 pic.twitter.com/pBqSoy7iyG
— Newzroom Afrika (@Newzroom405) April 2, 2024
“The average increase applied to the key industrial and urban tariffs will be 13.29% due to the increase in the affordability subsidy charge. The affordability subsidy charge is raised as a subsidy to the Homelight 20A tariff and is determined by NERSA. This charge exists due to historically lower Homelight 20A tariff increases and is paid by the non-municipal large industrial and urban tariffs.
“There are no tariff structural changes for 2024/25, however, Eskom is considering a tariff restructuring submission to NERSA for implementation in 2025/26,” the power utility said.
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Compiled by Betha Madhomu
