Eskom's tariff increase comes into effect on Monday

Some consumers have to dig deeper into their pockets, because from Monday, Eskom’s 12% electricity price increase for the 2024/25 financial year will kick in.

PICTURE: Eskom

The national power supplier said it had approached the National Energy Regulator of South Africa (Nersa) in October 2023, to approve its retail tariff and structural adjustment application and the schedule of tariffs.

‘’On 10 October 2023, Eskom applied to the National Energy Regulator of South Africa (NERSA) for the approval of its Retail Tariff and Structural Adjustment Application (ERTSA) and the Schedule of Tariffs for the period from 01 April 2024 to 31 March 2025. On 14 December 2023, NERSA determined the tariff increase for 2024/25, applicable to Eskom’s direct customer tariffs from 01 April 2024, and to Eskom’s tariffs for local authorities (municipalities) from 01 July 2024,’’ said Daphne Mokwena, Eskom spokesperson.

According to Eskom, the average increase applied to the key industrial and urban tariffs will be 13.29%, owing to the increase in the affordability subsidy charge.

‘’The affordability subsidy charge is raised as a subsidy to the Homelight 20A tariff and is determined by NERSA. This charge exists due to historically lower Homelight 20A tariff increases and is paid by the non-municipal large industrial and urban tariffs.’’

‘’There are no tariff structural changes for 2024/25, however, Eskom is considering a tariff restructuring submission to NERSA for implementation in 2025/26,’’ added Daphne Mokwena, Eskom spokesperson.

These increases applies only to customers that are directly supplied by Eskom.

 

Done By: Mitchum George