Nersa approves 9.61% electricity price hike

[Jan]

Electricity price hikes for 2022 announced

The National Energy Regulator of South Africa (Nersa) has approved an average electricity tariff increase of 9.61% for the 2022/2023 financial year.

During a briefing on Thursday, 24 February 2022, Nersa chairperson Nhlanhla Gumede said that the regulator had approved Eskom's allowable revenue for the year at R249.726 billion.

 

[FaSMaN]

Another 10% :/ at this rate I can see it doubling every 5 years

 

[TEXTILE GUY]

Even with a 20.5% tariff hike, Eskom CFO Calib Cassim said Eskom would still require government support of R21 billion over the next two financial years to help service its debt.

While the increase Nersa is allowing is far below what Eskom had asked for, it is still above South Africa’s average inflation rate of 4.5% in 2021 and 5.7% in January.

As long as Eskom remains an SOE, this is no win for consumers.
Either you are going to pay for Eskoms inefficiency by tariffs, or by increased taxes for bail outs.

 

[BBSA]

My solar system is looking better and better every year.

 

[Zaahidad]

Only if these clowns were to reign in all defaulters as well as charge everyone fairly, then we wouldnt have 10% yearly increments. Now we wait to see what the Ethekweni charges its clients.

 

[OhYeah84]

...those emigration plans look good now.

Sorting out Eskom by raising the prices and further burdening the retreating tax base isn't the way to do things. That's the logical thought process though which never applies in this country.

 

[Other Pineapple Smurf]

Eskom 9.61%, DA run CoCT will come in at 19.61% increases ... because they always deliver more than the government.

Guess me ebucks will need to subsidise my electricity bill now.

 

[dualmeister]

 

[system32]

Ouch
Thank goodness for Solar PV + Battery

 

[LCBXX]

Upcoming headline:
Electricity theft up by 10%.

 

[Paul_S]

View attachment 1254154
Ouch
Thank goodness for Solar PV + Battery

Are those figures excluding VAT? I pay over R2.60/kWh for Tshwane pre-paid (including VAT) for less than 500kWh.

 

[ToxicBunny]

Well I was wrong it seems...

I reckoned they'd go at 15%....

Nersa are our saviours at 10%.

 

[TheMightyQuin]

Eskom 9.61%, DA run CoCT will come in at 19.61% increases ... because they always deliver more than the government.

Guess me ebucks will need to subsidise my electricity bill now.

Just move then....

 

[RonSwanson]

Well I was wrong it seems...

I reckoned they'd go at 15%....

Nersa are our saviours at 10%.

In a way, yes.
But take a look at their increase history over the past 10 years, do you see a pattern there? They are awarding huge increases (way more than CPI) every single year, and these compound over time.

 

[BBSA]

Time to cut costs Eskom!

 

[WollieVerstege]

Eskom 9.61%, DA run CoCT will come in at 19.61% increases ... because they always deliver more than the government.

Guess me ebucks will need to subsidise my electricity bill now.

Lat year the CoCT increase was less than the Eskom increase.

 

[zerocool2009]

I will start eyeing solar if my monthly usage goes beyond 250kw.

Not feasible to spend R100k with the usage

 

[mercurial]

.

 

[Other Pineapple Smurf]

Lat year the CoCT increase was less than the Eskom increase.

That what you think. They took just hid the increase in other line items. My rates went up significantly and my line feed charge.

Being an election year they gave us some courtesy lube. This year they will go in dry and hard!

 

[Other Pineapple Smurf]

Just move then....

I just might, with the price of petrol and insane gridlock in Cape Town, I think I might just squat on the field next door to the office with my canvas tent.