Eskom electricity prices vs inflation from 1970 to 2023

ghaye said:
Jeez bud, talk about brain cells. It's a captured market governed by law. What competition?
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Exactly my point. Someone said Telkom got efficient thanks to ICASA.

Telkom has only ever become efficient (to the extent it has) due to the market being opened up to competition.

Thought that was sort of the point of this forum. Anyway, NERSA is a joke the same way ICASA is/was.
 
Sensorei said:
Denmark is the happiest country in the world, and pay the most for electricity. We must double our electricity cost, then will be twice as happy. Problem solved.
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Other way around. We must be the happiest country in the world, and we can then pay double for electricity.

And all be blonde.
 
Tomtomtom said:
Exactly my point. Someone said Telkom got efficient thanks to ICASA.

Telkom has only ever become efficient (to the extent it has) due to the market being opened up to competition.
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That I will agree with.
 
Eskom: We are increasing tariffs by 10000000% again
Also eskom : We don't understand why more and more people steal our low priced affordable electricity :unsure:
 
Buying electricity (at stupendously high tariffs) from ESKOM and its proxies; funds organized crime,,,try not to do it, its actually illegal to fund organized crime, even if the state is involved in it.

Criminals usually have an insatiable hunger for more and more money... for less and less in return. To the point that your life is worthless, as long as they survive.
 
DeSLAM said:
Denmark has an unemployment rate of 5% and its average Monthly Earnings stood at 7084 USD per month in Dec 2021, go compare that with SA's consumer base. Which earns an average of 1500 USD per month as of May 2022, and has a 32.7% unemployment rate. Very different realities.

So go look at what % of income those in Denmark spend on electricity compared to South Africans.

If in RSA you supply electricity to your own population at rates that only the EU economies can afford, you wont be selling much of it. Other than to swallows from overseas who can still afford it in SA because they earn foreign currency overseas, and love living here for 6 months of every year, usually summer, when electricity use is low anyway.

It will lead to your bankruptcy, as it did with ESKOM.

A utility also cant use paying consumers (paying high tariffs) to fund its own corruption and subsidize the low tariffs of some overseas businesses in RSA (who have special price deals with ESKOM ,spanning years) and low income users which form a huge part of their market.
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This is why tools like de ruyter say dumb things like 'our electricity is too cheap'... all these clowns are earning salaries that compare to 'denmarkians'. They wouldn't notice a 1000% increase, let alone 30%, Its nothing to them. They live in these little bubbles and don't understand what the problem is for someone earning R500/R5000 a month now having to fork out an extra 10/30%
 
Temujin said:
This is why tools like de ruyter say dumb things like 'our electricity is too cheap'... all these clowns are earning salaries that compare to 'denmarkians'. They wouldn't notice a 1000% increase, let alone 30%, Its nothing to them. They live in these little bubbles and don't understand what the problem is for someone earning R500/R5000 a month now having to fork out an extra 10/30%
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We have the cheapest coal in the world, ergo we should have the cheapest leccy in the world. Any CEO worth his salt can figure that out. AdR was probably forced to say that crap.

ANC policy makes things expensive.
 
Yup temujin...

The reality is that the majority of South Africans dont earn R7 million a year...very true. But only about US$1500 per month. And its the average South African that has the need to buy electricity from a utility - The bloke earning R7 million a year is off grid long ago, because for them its pocket money to go off grid, and could foresee what was coming.
 
Superjakes said:
Honestly, the more alarming thing here is how inflation is measured in South Africa. We are reporting 7%, but show me what has gone up by only 7% YoY. This is controlling the narrative with a very select inflation basket.
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February's food inflation figure was 13.6%. Twice the country’s consumer price index (CPI) headline inflation of 7%.

But a average basket of groceries has gone up a lot more than 20%...in 2023. Just look at the price of meats and cheese.

 
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Superjakes said:
Honestly, the more alarming thing here is how inflation is measured in South Africa. We are reporting 7%, but show me what has gone up by only 7% YoY. This is controlling the narrative with a very select inflation basket.
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Yes, they should use 2 things in their basket to work out inflation.

1 litre of diesel
1 kWh of leccy (use the most expensive metro seeing NERSA is not capable to charge everyone in the country the same price)
 
DeSLAM said:
February's food inflation figure was 13.6%. Twice the country’s consumer price index (CPI) headline inflation of 7%.

But a average basket of groceries has gone up a lot more than 20%...in 2023. Just look at the price of meats and cheese.

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Dec 2022 it was R14 per lt of milk at checkers, today it's R16.50

Thats 18% in 3 months. And it's probably going to get worse as we go.
 
Ironically, its the cost of rolling power blackouts (having access to less electricity per day, at a higher price per kWh) that's responsible for the food cost inflation, according to Engineering News. The other culprit is the cause leading to the ZAR nosediving.

Just like Zim...when it started going down the toilet. And Zimbo's fled here to work and make a living. Instead of staying in the mess their regime created for themselves.
 
DeSLAM said:
Buying electricity (at stupendously high tariffs) from ESKOM and its proxies; funds organized crime,,,try not to do it, its actually illegal to fund organized crime, even if the state is involved in it.

Criminals usually have an insatiable hunger for more and more money... for less and less in return. To the point that your life is worthless, as long as they survive.
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Yes, and the same could be said about paying PAYE, VAT and all other levies and taxes that our mafia state imposes on us.

wingnut771 said:
We are paying for the diesel costs to run generators.
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And again all the levies and taxes are also paid on this "emergency" diesel. ADR tried to get the government to scrap those levies. Nada!!
 
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