The City of Cape Town will soften the blow of electricity price hikes coming later this year.
The national energy regulator Nersa has approved a 18.49% tariff hike for municipalities in South Africa – but the City of Cape Town says it will contain the price hike to 17.6% for residents.
This would be in tandem with the city’s plans to fund its move away from solely relying on Eskom, and doing what it can to bring an end to load shedding in the municipality. The mayor also announced that the city is raising the property value criteria for Lifeline customers to R500,000 – up from R400,000 – to compensate for residents’ property value growth.This includes:R288 million for the Power Heroes voluntary energy savings incentive scheme;R53 million in ‘cash for power’ payments for solar power from residents and business;Hill-Lewis said Cape Town was aiming to protect residents from the first four stages of Eskom’s load-shedding within three years.
Continuous load shedding and rising prices are a significant push factor for many middle-class and affluent households to go off-grid to escape Eskom, with the country seeing a big push into solar and other mitigation measures.
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