In two years you could be paying 36.15 percent more for electricity if Eskom gets its way, following an application to increase tariffs.
is that with the power supply being constant, your energy bill is likely higher than it has been since before the COVID-19 pandemic. In two years you could be paying even more, 36.15 percent more, if Eskom gets its way.
“We are entering the next phase of the regulatory process where Nersa will conduct an extensive public consultation about Eskom’s revenue application and we urge as many stakeholders as possible to become involved so Nersa can determine a key component in the funding of a constant electricity supply that drives economic growth and our quality of life for years to come,” chief financial officer of Eskom, Calib Cassim said in a statement.
The first is an increase of 5.7 percent that comes as a result of 10 negotiated pricing agreements. These agreements were approved by Nersa in line with the Department of Mineral Resources and Energy’s Interim Long-term Framework in 2020. These agreements have the objective of providing “qualifying industries with a globally competitive electricity tariff to mitigate against the loss of baseload electricity sales and negative impact on other customers and the economy.
Furthermore, the utility says that it is still reliant on coal power and IPP agreements haven’t materialised as envisaged.
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