Joburg electricity price hikes take effect today
Johannesburg residents will pay more for their municipal rates from Monday 1 July 2019 as the city’s new increases take effect.
According to the city’s 2019/2020 tariff reports, some of the most notable increases include:
- A 9.9% increase in the cost of water.
- A 5.5% increase in property rates.
- A 13.07% increase in electricity.
- A 7% increase in refuse removal (solid waste).
The municipal rate increases come as South Africans face financial pressure after months of petrol price increases, job cuts, and a battered economy.
One silver lining is a projected drop in the petrol price from Wednesday 3 July 2019. Petrol is set to decline by 95 cents and 96 cents per litre for 95 and 93 grades respectively.
Diesel will also come down by 75 cents and 76 cents per litre for 0.05% sulphur content and 0.005% sulphur content respectively.
City of Johannesburg Mayoral Committee for Finance member Funzela Ngobeni told the SABC that the National Energy Regulator of South Africa’s (NERSA) decision to grant Eskom a tariff increase greater than 41% has forced the city to hike its tariffs.
He said that the city’s electricity tariff will rise from an originally proposed 12.20% to 13.07% across all categories on Monday.
You can find a more detailed breakdown of the tariff hikes here.
Source: BusinessTech
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