Eskom failed to get approval from the nation’s energy regulator to increase tariffs by about a third, an amount it said was needed to help limit worsening electricity outages. But the utility still got a double-digit hike. MoneywebNews Eskom Nersa
Eskom failed to get approval from the nation’s energy regulator to increase tariffs by about a third, an amount it said was needed to help limit worsening electricity outages. The utility applied to the the National Energy Regulator of South Africa for a price increase of 32% for the 2024 financial year to pay for more purchases from independent power producers as it struggles to meet demand. The regulator instead allowed Eskom to increase tariffs by 18.65%.
Read or listen : South Africa could experience load shedding for the next decade – CSIR Financial constraints at Eskom, which has R396 billion of debt, combined with operational challenges, caused the utility to impose more than 200 days of blackouts in 2022 to save the national grid from collapse.
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.
Consumers brace for Nersa’s ruling on Eskom price hike applicationHouseholds and businesses may have to contend with higher electricity prices from April if Eskom gets its way.
Read more »
Nersa to decide on power price hikeAs Eskom implements Stage 6 rolling blackouts indefinitely, the National Energy Regulator of South Africa will, on Thursday, decide on the utility's price hike application.
Read more »
BREAKING NEWS: Eskom gets nod from Nersa for 18% tariff hikeThe energy regulator has given Eskom approval to lift its standard electricity tariff 18.65% in 2023
Read more »
Nersa approves 18.65% electricity tariff hike for Eskom | BusinessJUST IN | The National Energy Regulator of South Africa has agreed to an 18.65% increase in electricity tariffs, effective from 1 April this year. | News24_Business
Read more »
Nersa grants Eskom increases of 18.65% and 12.74% for 2023/2024 and 2024/2025 financial yearsThe National Energy Regulator of South Africa on Wednesday approved a revenue application of R318bn for Eskom for the 2023/2024 and R352bn for the 2024/2025 financial years.
Read more »
Nersa grants Eskom increases of 18.65% and 12.74% for next two financial yearsThe National Energy Regulator of South Africa on Wednesday approved a revenue application of R318bn for Eskom for the 2023/2024 and R352bn for the 2024/2025 financial years.
Read more »