The National Energy Regulator of South Africa (NERSA) has officially published Eskom's massive tariff hike request, with the controversial proposal ready for public consultation.
Eskom is asking for a 36% electricity price increase
starting in 2025. The power utility's multi-year request includes applications
to hike up tariffs by almost 12% in 2027 and 9% in the 2028 financial
year.
PICTURE: EskomThe power producer is seeking a total revenue increase of
R446 billion for 2026.
Eskom believes that this application allows for an
improvement in the financial sustainability of Eskom through the migration to
cost-reflective prices and the successful operation of Generation, Transmission
and Distribution in Eskom.
“Further migration towards cost reflectivity to cover the
full cost of capital would be considered in subsequent applications. This would
minimise the impact on the taxpayers,’’ it said in a statement.
In accordance with its revenue decision, Eskom said Nersa
will then make tariff decisions for implementation from 1 April 2025. As per Eskom, it can only implement tariff
decisions made by Nersa.
Nersa says public submissions on the proposed increases are
open until 1 November. Public hearings have then been scheduled to take place
from 18 November until 4 December.
The Democratic Alliance (DA) meanwhile has opposed Eskom's
application and recently called for its rejection.
Done by: Mitchum George
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