Increases will come into effect in April for standard tariff customers and July for municipalities
The National Energy Regulator of SA on Monday confirmed a decision reached on March 9 that allows Eskom to increase its average tariff by 9.61% for standard tariff customers and 8.61% for municipalities.
The increase for Eskom’s standard tariff customers will be effective from April and for municipalities from July, Nersa said. The regulator explained that municipalities will realise a lower increase of 8.61% because in the first three months of Eskom’s financial year they will not have an increase, as their financial year starts on July 1.
“The municipalities cannot increase their tariffs in the middle of their financial year, as it would not correspond with the revenue to be achieved from licensed municipal distributors,” Nersa said in a statement. Nersa was scheduled to hold public hearings later this week on a regulatory clearing account application submitted by Eskom in which the utility is requesting to be allowed to recover about R10.7bn in revenue for the financial years 2020/2021 from customers.
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