Eskom ‘in deep trouble’ amid plans to hit consumers with above 30% tariff increase

Eskom chair Mteto Nyati said Eskom was on track to experience another loss exceeding R20 billion

. Photo: The Citizen/Michel Bega

Consumers are grappling with a costly electricity bill that will look different this month after Eskom’s implementation of a 12.74% electricity price increase for the 2024/25 regulator-approved tariff, which came into effect yesterday.Daily News Update: DA councillor ‘monkey’ remarks | Eskom’s tariff hike | Police officer kills girlfriend

Economic analyst Azar Jammine said the increase was significant and was one of the important cost elements for the industry and consumers and probably more relevant to the industry.An increase of this “order of magnitude was expected to be introduced and it’s not a shock. It’s been part of the expectation”.

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