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Eskom applies for power tariff increase of 16% a year

Discussion in 'International Forum' started by Mbalamwezi, Oct 23, 2012.

  1. M

    Mbalamwezi JF-Expert Member

    Oct 23, 2012
    Joined: Sep 30, 2007
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    POWER utility Eskom has asked the National Energy Regulator of South Africa (Nersa) to increase electricity tariffs for the next five years by an average 16% a year.

    Over the next five years, electricity prices will, therefore, more than double from the current 61c per kilowatt-hour to 128c per kilowatt-hour. The new tariffs come into effect next year and cover the period between April next year and March 2018.
    Eskom’s submission of the application to Nersa — after some delays — ends months of speculation and anxiety about tariffs.

    It also marks, however, the beginning of public scrutiny of the utility. The proposed increase is likely to raise the ire of hard-pressed consumers.
    Nersa is required by law to hold a public consultation process on the tariffs.
    Eskom said 13% of the 16% increase was for its "own needs", while 3% was factored in to support the introduction of independent power producers (IPPs).

    source: BD...