COCT rates as in - "rate: a fixed charge per unit of quantity", not rates as in "taxes"
There are areas of the country where electricity is bought directly from Eskom at pricing/rates Eskom decides (e.g. Table View), and then there are areas where it is bought from the muncipality e.g. COCT at the pricing/rates which the muncipality decides (usually a much larger markup).
So in Gordons Bay (and rest of Helderberg) we buy from COCT at the huge markup (not directly from Eskom) - but when it comes to load shedding we are treated as if we buy directly from Eskom... Basically we are getting shafted.