Eskom’s second of its three year electricity price increases will come into effect at midnight on Friday.
Last February, the National Energy Regulator of South Africa (Nersa) approved Eskom’s three year proposed price hike effective on the 1st of April each year.
On average the price increases by at least 25 percent year-on-year. This year the price will go up by 25.8 percent.
Eskom spokesperson Hillary Joffie said next year the same adjustment will happen.
“The regulator works in increments of three years and on average electricity tariffs, in terms of that determination, were increasing by 25 percent. On 1 April comes year two of that three year increase,” she said.
Joffie said increases for municipalities, such as the City of Cape Town, would only come into effect in July.
“For municipalities, the increase only comes into effect on 1 July but for non-municipal Eskom customers, the increase comes in on 1 April,” she added.
Filed Under: Garden Route News
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