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Eskom to hike electricity prices in April

Eskom has announced that the price of electricity in South Africa will increase from 1 April 2021. This is as a result of three decisions made by the National Energy Regulator of South Africa (Nersa), which Eskom said will bring electricity prices more in line with the cost of producing energy.

“The National Energy Regulator of South Africa has made three decisions that are envisaged to increase the average price of electricity from 1 April 2021,” said Eskom general manager for regulation Hasha Tlhotlhalemaje. “These decisions all refer to efficient costs as has been determined by NERSA incurred as far back as 2014.”

The regulator announced that it will allow Eskom to recover an extra R6 billion following the review of previous decisions on electricity tariffs. This amount will be recovered through price increases effected in April this year. “The extent of the increase is yet to be determined by NERSA and it is hoped that this will happen by the end of February 2021,” Tlhotlhalemaje said.

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Source: Mybroadband

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