Eskom’s average annual tariff increases have ranged from 1.7% to 27.8% over the past 15 years. The increases were far higher than inflation over the same period.
Eskom’s average annual electricity tariff increases over the past 15 years have surpassed inflation drastically, anDespite this, the power utility says the National Energy Regulator of South Africa’s regulated tariffs still don’t reflect its costs.
The most significant increase occurred in the 2009/10 financial year when Nersa approved a price hike from 24.97c/kWh to 31.90c/kWh. However, since the 2011/12 financial year, Eskom’s annual tariff hikes have been comparatively tame, but still way higher than inflation.Annual price hikes implemented between the 2011/12 and 2021/22 financial years ranged from 1.7% to 16.4%. However, it appears to be on an upward trend once again.on Thursday, 12 January 2023, after Eskom asked the regulator for a 32.02% price increase in its annual tariff application.
Though these households won’t be as hard-hit, it’s worth noting that even the lower price increase is well above South Africa’s official inflation figures.
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