Eskom wants you to pay 9.41% of you current electricity bill if you want constant electricity, so as to avoid the annoying load shading.
National Energy Regulator of South Africa (SERSA) has approved electricity bill increase of 9.41%, 8.1% and 5.2% which will cover for the next three years, far below Eskom’s initial application for double digit tariff increase.
NERSA on Thursday made the approval annpouncement in Pretoria after Eskom’s sumitted application for electricity price increase of 17.1% for 2019/20, 15.4% for 2020/21 and 15.5% for 2021/22.
119 000 written and oral complaint from South African business men, civil society and labour out there could not stop the bogus increase, hence the change must stand if electricity condition must improve according to Eskom.
Here’re some shaking warning:
”The Minerals Council of SA warned that the energy-intensive mining industry could shed 150 000 jobs if the Eskom application was granted.”
Eskom had previously said poor plant maintenance and breakdowns at the stations including delays in the completion of new power stations are the reasons for the blackouts.
The proposed increase for this year and next year is on top of the 4.41% increase, which was approved for the year because of NERSA’s last years decision on Eskom’s Regulatory Clearing Account (RCA) application. Meanwhile, the RCA refers to funds Eskom can recover due to an electricity shortfall or an escalation in operating costs.