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Eskom wants 25 % increase in electricity price

Eskom’s electricity tariffs may increase by 25.3% from April 1 this year for its direct customers and July 1 for municipal customers if an application to the national regulator is approved.

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The increase has the full support of government’s war room.

It is aimed at paying Eskom’s diesel bill in order to avoid load shedding and to extend and conclude short-term agreements to buy electricity from other producers (short-term power purchase programme = STPPPs), including companies like Sasol and Sappi as well as municipal generators like City Power.

It also makes provision for the increased environmental levy announced by Finance Minister Nhlanhla Nene during his budget speech.

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News of the application came after the City of Cape Town issued a statement on Thursday night in which it expressed its concern that many customers won’t be able to pay the huge increase.

The City also apologised to its customers for having to table a draft budget next week that reflects electricity tariffs that may increase further if the Eskom application is approved.

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