Eskom asks energy regulator for 36% electricity price increase
South Africa’s state-owned power utility asked the electricity regulator for permission to raise prices by 36% in its 2026 financial year, far exceeding inflation in the continent’s most industrialised economy.
In its submission, Eskom told the National Energy Regulator of SA that it sought the hike because prior increases had been “inadequate” for its financial needs. The nation’s annual inflation rate for August was 4.4%.South Africa has grappled with rising electricity costs that have roughly tripled over the past 14 years. The cash-strapped utility, which amassed R400 billion in debt, has benefited from multiple bailouts from the National Treasury to keep its power plants running.
The government has also said that it will not continue providing support beyond its current guarantee, leaving the power utility to apply for the above-inflation tariff increases.Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Political parties agree electricity tariff increases too high, want Eskom to reconsider proposed 36% hikeParties were taking part in a debate of national importance sponsored by the Democratic Alliance (DA) in the National Assembly.
Read more »
Eskom's proposed 36% electricity tariff hike open for public commentThe power utility wants to hike up tariffs for direct customers by around 36% next year and then by 12% and 9% in the 2027 and 2028 financial years respectively.
Read more »
Nersa publishes Eskom’s request for hefty 36% electricity tariff hikeEskom’s proposed tariff hike has already sparked controversy with the DA launching a petition calling for the application to be rejected
Read more »
Eskom says prior tariff hikes were 'inadequate' as it seeks 36% increaseEskom has asked for permission to raise priced by 36% in its 2026 financial year, far exceeding inflation.
Read more »
Why Eskom wants to increase the electricity tariff by 36% in 2026In two years you could be paying 36.15 percent more for electricity if Eskom gets its way, following an application to increase tariffs.
Read more »
36 Players: Orlando Pirates’ Full SquadBetway Premiership giants Orlando Pirates are expected to fully chase the league title this term. How's the squad looking?
Read more »