Eskom power price hikes could be on the way

[Bradley Prior]

Eskom power price hikes could be on the way

The National Energy Regulator of South Africa (Nersa) has received another setback in court, with Judge Jody Kollapen issuing an interim order on Friday for the organisation to process Eskom's tariff applications for 2022/23 that were submitted in June.

 

[Pineapple Smurf]

Just make it R20 a unit and get it over and done with please

 

[r00igev@@r]

Just make it R20 a unit and get it over and done with please

+1
Yes R20 per month for uncapped power. Like in Soweto.

 

[Mephisto_Helix]

So the court is forcing the regulator to allow eksdom's insane increases? Whahahahaha

 

[lkswan747]

I want to pay a flat rate of R200.00 per month!!!

 

[The_MAC]

So the court is forcing the regulator to allow eksdom's insane increases? Whahahahaha

Left hand, right hand..

 

[r00igev@@r]

I demand to be paid a flat rate of R200.00 per month!!!

FIFY

 

[BuckRogers]

Expect to see a lot more solar panels in middle class areas.

 

[lkswan747]

FIFY

Thanks, but at this stage I am only asking. Once I have all my comrades asking for the same thing, then we will demand.

 

[system32]

Expect to see a lot more solar panels in middle class areas.

JHB South
SunSynk 8kW | 4xHubble AM2 20kWh | 16x400W Seraphim 6.4kWp in 2 strings of 8 | Solar-Assistant
Usage is ~20kWh per day (summer, more in winter), I need 0.3kWh trickle feed to keep the pre-paid meter happy - not feeding back to grid as I need to change the CoJ meter and switch to TOU tariff.
You can see which days it's been very cloudy/raining.
ROI Payback is expected to be about ~7 years, less years if Eskom get their 20% increase in 2022.

Eskom wants 20% more next year [2022]
https://www.moneyweb.co.za/news/south-africa/eskom-wants-20-more-next-year/

EDIT: ROI Payback

 

[GMAN03]

ROI is expected to be about ~7 years

I assume you mean payback period as ROI is usually expressed as a percentage. Does this include cost of capital? ROI usually doesn't but payback period should.

 

[RonSwanson]

I want demand to pay a flat rate of R200.00 per month!!!

FTFY

 

[system32]

I assume you mean payback period as ROI is usually expressed as a percentage. Does this include cost of capital? ROI usually doesn't but payback period should.

Oops , I should have paid more attention in first year ACC-101.
ROI is a percentage, should have used payback period.

The simple model I used:

Capital invested in PV+Solar+Battery+Install​

Less Expected Monthly savings on Electricity bill, escalated by my average CoJ prepaid electricity increase
Less cost/inconvenience of load shedding - I can't work, helper can't work (I still pay her).​

- CoJ changed the prepaid bands so the effective increase for prepaid has been ~14% per year over last 3 years​

- I'm not sure of the increase on post paid, but probably similar as they bump the network & connection fees​

- 14% is less than the 20% Eskom is asking for in 2022.​

Works out at ~7 years, If I add in interest on the capital at prime-2, then ~9 years.

 

[RonSwanson]

View attachment 1207252
JHB South
SunSynk 8kW | 4xHubble AM2 20kWh | 16x400W Seraphim 6.4kWp in 2 strings of 8 | Solar-Assistant
Usage is ~20kWh per day, I need 0.3kWh trickle feed to keep the pre-paid meter happy - not feeding back to grid as I need to change the CoJ meter and switch to TOU tariff.
You can see which days it's been very cloudy/raining.
ROI is expected to be about ~7 years, less years if Eskom get their 20% increase in 2022.

Eskom wants 20% more next year [2022]
https://www.moneyweb.co.za/news/south-africa/eskom-wants-20-more-next-year/

Good point, the courts have just shaved off about 7 years from my projected solar ROI break-even milestone.

 

[system32]

+1
Yes R20 per month for uncapped power. Like in Soweto.

Do we pay R20 to Eskom or to the "fixer" who hooks us up?

 

[dualmeister]

Sell a few brooms at R250K each rather to generate more income.

 

[GMAN03]

Oops , I should have paid more attention in first year ACC-101.
ROI is a percentage, should have used payback period.

The simple model I used:

Capital invested in PV+Solar+Battery+Install​

Less Expected Monthly savings on Electricity bill, escalated by my average CoJ prepaid electricity increase​

Less cost/inconvenience of load shedding - I can't work, helper can't work (I still pay her).​

- CoJ changed the prepaid bands so the effective increase for prepaid has been ~14% per year over last 3 years​

- I'm not sure of the increase on post paid, but probably similar as they bump the network & connection fees​

- 14% is less than the 20% Eskom is asking for in 2022.​

Works out at ~7 years, If I add in interest on the capital at prime-2, then ~9 years.

The reason I asked was because I'm in the process of weighing up a system but my payback comes out at 12 years because I'm using opportunity cost as my discount rate (after tax investment returns) not my borrowing cost. The connection fee thing is a bit of an unknown in COJ because every year they put in in the budget to implement for prepaid and every year they do a U-turn after public backlash, I feel it's only a matter of time before they try to align it with postpaid.

 

[system32]

The reason I asked was because I'm in the process of weighing up a system but my payback comes out at 12 years because I'm using opportunity cost as my discount rate (after tax investment returns) not my borrowing cost. The connection fee thing is a bit of an unknown in COJ because every year they put in in the budget to implement for prepaid and every year they do a U-turn after public backlash, I feel it's only a matter of time before they try to align it with postpaid.

It's a difficult choice.
If I had used opportunity cost of some of my investments like Netflix/Tesla/Amazon then I would be living in a cave sleeping on the floor because I could get a better return than buying a home and a bed.

I treated the decision like buying a new car - yes it's expensive, but I can't rely on public transport - and it's a medium term investment that adds value to my home.

I can't see Eskom being fixed in the next 3-4 years - it takes that long for Govenment to make a decision to invest in a plant and to start building.

Getting rid of reliance on Eskom/CoJ is worth a lot in my opinion (and they can't waste what I don't give them).

 

[r00igev@@r]

Do we pay R20 to Eskom or to the "fixer" who hooks us up?

There are fixers? Now you tell me!

 

[Mekon]

The cANCer have done a stellar job. Is there anything more these maggots can fuk up?
But come 2014 and the maggots are going to spend millions of our tax money celebrating being shyt at everything they do.