South Africa's 1,722% electricity price inflation

[Daniel Puchert]

South Africa's 1,722% electricity price pain

The average price of Eskom electricity has increased by over 1,722% since South Africa became a democracy, significantly outpacing inflation of 451.9% over the same period.

MyBroadband analysed the average electricity tariffs charged by Eskom from 1994 to 2024.

 

[Jet-Fighter7700]

blame it on the diesel

 

[Gaz{M}]

I remember as a new employee around 2003, I rented a flat and the electricity bill each month was so insignificant it didn't even enter into conversation. It was less that R100 a month.

 

[Thestealth]

I can't believe someone gets paid to think up this rubbish. Must be a slow news day.

 

[wingnut771]

I can't believe someone gets paid to think up this rubbish. Must be a slow news day.

What’s rubbish about it?

 

[UB40]

I remember when electricity was 34 cents a unit

 

[Snyper564]

solar didnt seem like such a bad option now did it.,..

 

[cobuskruger]

I always find it strange that they use the Eskom prices for comparison, although most people pay municipal rates. In Ekurhuleni, it's about 2.88 PLUS VAT. I'd love to pay Eskom's current tariff.

 

[Bliksis]

blame it on the diesel

No man. It's JVR and ADR.

 

[Bliksis]

I remember as a new employee around 2003, I rented a flat and the electricity bill each month was so insignificant it didn't even enter into conversation. It was less that R100 a month.

This was my experience with petrol. It was never a consideration. Long weekend in Mosselbay? No worries, accommodation was then issue, not petrol. This was late 90s early 2000s

 

[wingnut771]

This was my experience with petrol. It was never a consideration. Long weekend in Mosselbay? No worries, accommodation was then issue, not petrol. This was late 90s early 2000s

It’s because the Rand wasn’t worth ****.

 

[wingnut771]

unpossible! StatsSA says our annual inflation has always been around the 6% in the rainbow nation ...

30 years of ±6% annual increases get you to a ±450% increase fyi, nowhere near 1,722%

What are you on about? You’re just repeating what they said.

 

[NarrowBandFtw]

What are you on about? You’re just repeating what they said.

I'm failing at multitasking today apparently, in any event:

Eskom electricity has increased by over 1,722% since South Africa became a democracy, significantly outpacing inflation of 451.9% over the same period

both can't be true, one of those figures is a lie, guess which ...

 

[saor]

Pay more for less™

 

[wingnut771]

I'm failing at multitasking today apparently, in any event:

both can't be true, one of those figures is a lie, guess which ...

Here's a picture:

 

[Fuzzbox]

Proudly brought to you by the ANC.

We are paying for ESKOMS incompetency.

 

[neoprema]

Proudly brought to you by the ANC.

We are paying for ESKOMS incompetency.

Bentleys are not cheap either...

 

[Martin 007]

I always find it strange that they use the Eskom prices for comparison, although most people pay municipal rates. In Ekurhuleni, it's about 2.88 PLUS VAT. I'd love to pay Eskom's current tariff.

I also did not identify with the tariff

 

[mypetcow]

I can't believe someone gets paid to think up this rubbish. Must be a slow news day.

True story. Conveniently forgetting all factors both internal and external that go into the electricity price. If only it would be as easy as just considering inflation …

 

[Bliksis]

I can't believe someone gets paid to think up this rubbish. Must be a slow news day.

That's BusinessTech for you. Lol. Hanno likes to tinker with things with numbers then write articles.