Local newsNews
Electricity price hiked by 9.4 per cent
Electricity prices will go up by 9.4 per cent for the year 2016/7.
The increase will come into effect on April 1.
The The National Energy Regulator (Nersa) made the announcement on March 1.
“The National Energy Regulator of South Africa (NERSA) has announced that it would not grant Eskom the R22.8-billion variance it had requested for the costs incurred in the production of electricity in the 2013/14 financial year,” Eskom said on its website.
“It has instead approved an amount of R11 241-billion, which amounts to a 9.4 per cent tariff increase for the 2016/17 financial year.”
How will the increase affect you?
Let us know by emailing kevinvdl@caxton.co.za.
