Nersa approves massive electricity price hike for 2023

Energy regulator Nersa has approved an 18.65% increase in electricity prices for 2023 – and a 12.74% hike for next year.

In September 2022, Eskom applied for a 32% price hike for 2023/24, and a 10% hike in 2024/25, equating to a recovery of R351 billion and R381 billion, respectively.According to Nersa the decision was taken against the backdrop of tough economic circumstances, including high interest rates, low growth, high unemployment and load shedding.

“It was a difficult matter,” he said, adding that the regulator was ‘between a rock and hard place’ in determining the grantable increase. According to the country’s electricity regulations, the recoveries granted to Eskom are only supposed to be tied to the efficient production of electricity – and there are serious questions about how much of Eskom’s application is linked to inefficiencies.

Asking South African consumers, businesses and other stakeholders to pay for Eskom’s self-inflicted crises is not fair, he said.

Time to go off grid I suppose.

were fucked

Sweet. Municipalities don't pay, Soweto gets free, the general puplic must pay for Zoomer, ANC, fellow comrades and now approved by comrades in Nersa. Kunts. SA must have it's revolution NOW. Not later...

Fuc….. them. When everyone pays the same tariff including the poor and unemployed will I agree to this. So it’s time to find some jippo’s

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2023: A deepening energy crisis or a turning point?2023: A deepening energy crisis or a turning point? - We enter 2023 with an energy system that has never been in worse shape A deepening crisis until ANC removed. Imagine moving Eskom to Mantashe and thinking it will improve Madiba's legacy Pity for South Africa, it was much better 15 years ago...
Source: mailandguardian - 🏆 2. / 92 Read more »

BREAKING NEWS: Eskom gets nod from Nersa for 18% tariff hikeThe energy regulator has given Eskom approval to lift its standard electricity tariff 18.65% in 2023 Of course it does Oh come on! Is that all They should have allowed them a 1000% increase and ask them to please ramp up to stage 12. Mxm..CyrilRamaphosa .ANCParliament ..you guys are Useless .. hike for more Loadshedding
Source: BDliveSA - 🏆 12. / 63 Read more »

All the electric vehicles coming to South Africa in 2023 — including the most affordable yetThere are at least nine new electric vehicle models confirmed or expected to hit South African showrooms in 2023. What about elonmusk 's Tesla that is the biggest EV carmaker in the world, will we see some of it here in South Africa? So how do they prepose we charge these things? with our PETROL OR DIESEL generators Lol electric cars in sa with the amount of load shedding we get? It's a bad mix
Source: mybroadband - 🏆 11. / 67 Read more »