Electricity: 2017 tariff increase to be lower?

News Guy
August 18, 2016
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The Nelson Mandela Bay Business Chamber has said that all electricity consumers would potentially pay only a 3.5 percent increase in electricity tariffs from next year instead of the 8 percent Eskom tariff hike approved by the National Energy Regulator of South Africa (Nersa).

The chamber’s deputy president and energy task team board lead MC Botha yesterday said this would have a knock-on effect on the increase in municipal electricity tariffs that were scheduled to take place on July 1 next year.

The cautious optimism comes in the wake of the chamber and four Port Elizabeth-based energy intensive companies successfully obtaining an interdict in the North Gauteng High Court on Tuesday to set aside Nersa’s decision on March 1 this year on Eskom’s third multi-year price determination application.

Botha said the estimated national saving to consumers was conservatively estimated at between R40 billion and R60bn if the High Court decision was implemented over the remainder of the multi-year price determination period.

Source: IOL

Read the full story here:  http://www.iol.co.za/business/news/electricity-2017-tariff-increase-to-be-lower-2058328

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