Explaining the lower increase for municipalities of 18.49%, Nersa said: “In the first three months of Eskom’s financial year, they will not experience an increase as their financial year commences on July 1 every year.
“The municipalities cannot increase their tariffs in the middle of their financial year as it would not correspond with the revenue to be achieved from licensed municipal distributors. “Eskom will over recover revenues in the first three months of its financial year, hence municipalities will only experience an increase of 18.49% as opposed to the 18.65% the rest of Eskom’s customers will see.”Nersa said the tariffs exclude VAT, which is 15%.
“Eskom will ensure its approved Schedule of Standard Prices for 2023/24 is published on its website and communicated to all customers,” the regulator said.