Eskom electricity price hike will actually be 31.61%: energy expert

[Kevin Lancaster]

Eskom electricity price hike will actually be 31.61%: energy expert

Opposition to Eskom’s bid to increase electricity prices mounted during the two days of public hearings in Johannesburg this week.

 

[ProfA]

Another silly article. Does not state how the "expert" got to 31.61%.

 

[Napalm]

Eskom milking the country dry...

Solar is the way to go...

 

[ProfA]

Eskom milking the country dry...

Solar is the way to go...

Not really as the suppliers of these solar systems are also milking the situation for all its worth.

 

[TEXTILE GUY]

Another silly article. Does not state how the "expert" got to 31.61%.

True

It all depends on whether you buy direct or via a munic and your tariff choices.

 

[oober]

Another silly article. Does not state how the "expert" got to 31.61%.

http://www.fin24.com/Economy/Eskom/What-Yelland-will-tell-Nersa-about-Eskom-tariffs-20150623

“A 12.69% increase came into effect on 1 April 2015,” he will explain at the hearing. “If granted, the extra 12.61% claimed would become effective on 1 August 2015 at the earliest.

“If recovered over balance of 2015/16 (i.e. 8 months) the extra 12.61% becomes 12.61 x 12 / 8 = 18.92%.

“Thus, the price increase from 1 August 2015 to 31 March 2016 will be 12.69 + 18.92 = 31.61%.