There are “strong indications” that South Africans should brace themselves for a massive electricity price hike to be announced on Tuesday, 29 November 2022, according toThat is when the National Energy Regulator of South Africa is set to reveal its decision on Eskom’s application for a 32% hike in average electricity tariffs from April 2023.
Montalto said he expected a price increase between 25-30%, which would be unaffordable to the economy.there were three primary reasons why it calculated it would need a 32% tariff hike: The cost to procure electricity from independent power producers would increase by 9.05% due to more reliance on private power, including for emergency generation.
It showed that electricity prices in South Africa were very low until 2008. However, large annual hikes since that time quickly changed the situation.It would surge radically to reach 111 cents per kWh by 2021, an increase of 472%, which is also far above inflation over the period.
And we are paying for poor services, this is not a fair thing
500
Eskom is not getting my money. Sorry not a sent from me. I do not pay for their negligence and bad management. The sun and wind provide my energy. Unfortunately many will be forced to pay the increase. This is going to effect the poor but nobody is worrying.
Eskom using our money to get more money out of nice
Montalto said he expected a price increase between 25-30%, which would be unaffordable to the economy.
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