Many municipalities rely on distributing electricity for Eskom to generate revenue. As home solar takes over, they will have to look elsewhere to plug the holes in their budgets — and fibre networks are an easy target.
Many South African municipalities and metros generate a significant portion of their revenue by selling electricity to residents.
“This increase in reliance on renewable energy is a welcome development for the environment, but poses a significant challenge to municipalities, which derive the majority of their income from electricity sales,” Gordhan said. “Energy experts suggest that feed-in tariffs, along with the installation of smart meters, are the most feasible strategy to overcome the potential losses to municipal income,” Gordhan said.
For the 2023/24 financial year, the road reserve fee was increased to R251 per kilometre per annum, while the sewer and stormwater fee was increased to R1,138. While rates do form a sizeable chunk of this revenue, the Kouga official explained that the primary source of money for the municipality is electricity sales.
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.
South Africa: Avian Influenza Outbreak Threatens Chicken Supply - South African News Briefs - October 9, 2023itemprop=description content=
Read more »
Empowering South African Learners: The Journey of Teaching the Coding and Robotics CurriculumReleased by the Department of Basic Education, this coding and robotics aims to provide learners with access to digital resources.
Read more »
South African farmer in rare space rock findUnusual finds by South African farmer Gideon Lombaard adds to the country’s — and the world’s — meteorite heritage.
Read more »
WATCH: South African goes full WWE with wrestling-style hit at Rugby World CupAs tempers boiled over between Ireland and Scotland, a South African turned the scuffle into a wrestling match with one wild move.
Read more »
Explosions and death: South African in Israel recounts first moments of bloody warExplosions and death: South African in Israel recounts first moments of bloody war
Read more »