Eskom has asked the National Energy Regulator of South Africa to approve a whopping 32.02% electricity price increase for the 2024 financial year, to take effect from 1 April next year.
is consulting with Eskom on its multiyear price determination for the 2024 and 2025 financial years. Just two weeks ago, Nersa asked for public comment on the power producer’s proposed increases of 38.1% for 2024 and 5.12% for the following year.
The proposed 32.02% price increase, if approved, will be implemented on 1 April next year and the key contributors include: Hasha Tlhotlhalemaje, general manager of regulation at Eskom, says the state-owned enterprise is required to provide any updates on changes in conditions and environments that impact various cost elements of the revenue requirements.
Increases in Eskom’s primary energy costs – this is a combination of costs related to the diesel price increase and a higher volume of diesel to be used.
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