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Thread: Cost of Electricity - Increase later this year

  1. #1
    Super Grandmaster
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    Default Cost of Electricity - Increase later this year

    Will we be gouged?

    City Power provides me with electricity. The cost I pay should be what CoJ pays Eishcom plus a bit more to cover costs of delivery (Admin, maintenance on city infrastructure etc).

    Just to keep number simple:

    Esihcom cost: R100
    CoJ cost: R10

    I get a bill for R110.

    Now we get the annual cost adjustment - and again, being simple, the adjustment is in line with 5% inflation.

    So my bill should be R105 + R10.50 = R115.50

    Eishcom has now decided that I need to pay for bad management so have said the rate will increase by 14% (or whatever it is)

    I would argue that my bill should be R114 + R10.50 = R124.50

    What bets that it will be R114 + R11.40 = R128.40?

    City Power will gouge that extra but without any justification.

    Thoughts?
    No single raindrop believes it is to blame for the flood

  2. #2

    Default

    lol @ 5% inflation.


    but yes, you are quite right.
    We will be gouged.
    Think twice, speak once.
    ANC - outfailing itself year after year
    ESKOM - Eish, Sorry Krag Opge*** - Maintenance

  3. #3

    Default

    The new Rates in Taxes tables are coming soon? (Property valuation changes)

  4. #4

    Default

    Quote Originally Posted by Ricard View Post
    The new Rates in Taxes tables are coming soon? (Property valuation changes)
    SHUT UP!
    Think twice, speak once.
    ANC - outfailing itself year after year
    ESKOM - Eish, Sorry Krag Opge*** - Maintenance

  5. #5
    Super Grandmaster
    Join Date
    Apr 2005
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    Default

    Quote Originally Posted by Ricard View Post
    The new Rates in Taxes tables are coming soon? (Property valuation changes)
    That is so cool but what does it have to do with the price of eggs? Or electricity?
    No single raindrop believes it is to blame for the flood

  6. #6

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    Quote Originally Posted by Albereth View Post
    That is so cool but what does it have to do with the price of eggs? Or electricity?
    was a bit OT.. I know, but its part of my council bill that has electricity on it if you are billed by the council, you cannot choose 'what to pay'
    Electricity, Water, Sewage , Rates in Taxes are all on the same invoice.
    Last edited by Ricard; 01-02-2008 at 01:35 PM.

  7. #7
    Super Grandmaster
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    Default

    LOL - but wait for the backlash. Property prices are falling so there will be a mad scramble to up rates to keep the same income for the councils - and the poor will get screwed again relatively speaking.

    10% fall in market price on mansion in northern suburbs means less mone for council. The way it all works is that council now has to make rate equal x plus y cents in the rand. Guy in northern suburbs pays (x+y) * less rands = not quite as much as before.

    The chap in the dump/low cost house finds his house hasn't dropped in value by 10%, in fact it probably won't drop at all. He will be paying (x+y)* the same rands = a bit more than before.
    No single raindrop believes it is to blame for the flood

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