No April fools joke as Eskom set to hike electricity by 12%

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The Eskom electricity price hike kicks in just two day before the petrol price increase announced by the Energy Department

The tariff hike stems from 2023 when the National Energy Regulator of South Africa approved a massive tariff increase split over two years. Photo: iStock

The parastatal said in December last year, Nersa determined the tariff increase for 2024/25, applicable to its direct customer tariffs from 01 April 2024, and to Eskom’s tariffs for local authorities from 01 July 2024 as follows:No electricity or answers: Ekurhuleni residents left in the dark as substations and cables burn outEskom spokesperson Daphne Mokwena said the average increase applied to the key industrial and urban tariffs will be 13.

“There are no tariff structural changes for 2024/25, however, Eskom is considering a tariff restructuring submission to Nera for implementation in 2025/26.” Mokwena said.Eskom had initially applied for a 32% tariff increase for the 2023/2024 financial year and an additional 22.52% in 2024/2025.

 

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