Eskom plans to apply for a 32% tariff increase from 1 April 2023/24, it announced on Thursday. | politicsblahbla
Eskom plans to apply for a 32% tariff increase from 1 April 2023/24, it announced on Thursday.
The increased tariff for the next two years is based on new assumptions by Eskom. The first and most significant is the cost of primary energy, particularly diesel. Due to global factors, Eskom now has much higher diesel costs, and due to the poor performance of its plants, will also need to spend more on diesel than anticipated. It projects that primary energy costs will be 7.85% higher with the most of the increase a result of diesel.
The second increased cost area is energy purchased from independent power producers . This will make up 9% of the overall increase, a result of Eskom buying more electricity from IPPs as more come on-stream. For 2023/24 Eskom is entitled to bill consumers retrospectively to recover R1.7 billion from the 2019/20 financial year and an additional R15 billion, which formed part of a National Treasury bailout also dating from 2019/20. Translated into percentages, these amount to 1.01% and make up the final bit of the 32% increase.
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.
Eskom seeks 32% annual tariff hikeEskom is seeking an average power tariff increase of just over 32% for next year, much higher than originally sought.
Read more »
Former 'YoTV' presenter Lumko 'Johnson' Leqela has died at 32Lumko, loved since he burst into the spotlight as a teen on YoTV, died on September 14.
Read more »
Former 'YoTV' presenter Lumko 'Johnson' Leqela has died at 32Former 'YoTV' presenter Lumko 'Johnson' Leqela has died at 32: Lumko was loved since bursting into the spotlight as a teen on YoTV
Read more »
Media personality Lumko 'Johnson' Leqela dies aged 32Leqela, 32, passed away after a short hospitalisation, according to a statement posted on his Instagram page on Wednesday.
Read more »
Former 'YoTV' presenter Lumko 'Johnson' Leqela has died at 32Lumko was loved since bursting into the spotlight as a teen on YoTV.
Read more »
Organised crime | 15 arrested for kidnapping in WCPolice have been investigating 32 cases since 1 March until this month.
Read more »