South African consumers will be suffering big electricity tariff hikes for the next few years.
The National Energy Regulator of South Africa , during its public meeting held on 30 July, decided to wipe nearly R16 billion from Eskom’s application to recover lost revenue, approving an amount of almost R8.1 billion.
The RCA is an account forming part of South Africa’s electricity tariff methodology that contains a balance for the actual revenue for Eskom’s entire financial year and what Nersa approved for that year. If Nersa’s decision and Eskom’s actual costs and revenues differ, Eskom can recover the balance if it overspent, or it would be given back to customers if it underspent.
Nersa noted that the approved RCA balance will be recovered from standard tariff customers, local Special Pricing Arrangement customers, and international customers.It has been the subject of several messy court battles between Eskom and Nersa, with the regulator generally losing the fight. Its approval came at the same time it approved last year’s electricity price hike of 18.65% — significantly less than the 32.02% increase Eskom had requested.
MyBroadband worked out how the price hikes for 2024/25 would impact Eskom direct customers and found that many of these power users will payThe state-owned power utility has reportedly applied for a 36.
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