Nersa

Energy Regulator Nersa has approved an 18.65% electricity tariff increase for 2023/2024. Eskom had requested a 32% increase from the regulator.

“The energy regulator has tried to strike a balance among Eskom financial sustainability issues, the impact on the South African economy and affordability of electricity services to customers,” said Bukula. The power utility was hoping to revolve a total of R351bn through the tariff hike for 2023/24 and wants to recover R381bn in 2024/25. The submission whereby the power utility applied for a 32% tariff hike in 2023 was given to Nersa in June 2021 then updated in September 2022.

Eskom wants a 32% increase in electricity tariffs for the 2023/24 financial year and an additional 9% in 2024/25. A general view of the Grootvlei power ...

The power utility requested a 32% increase in electricity tariffs for the 2023/24 financial year and an additional 9% in 2024/25. Eskom wants a 32% increase in electricity tariffs for the 2023/24 financial year and an additional 9% in 2024/25.

JOHANNESBURG - The National Energy Regulator of South Africa will, on Thursday, decide on the utility's price hike application.

The National Energy Regulator of South Africa (Nersa) has approved Eskom's application for a 32% tariff increase, an increase South Africans can ill afford.

The power utility hopes to recover R381 billion in 2024/25. Also read: According to the troubled power utility, it managed to reduce its loss from R25 billion to R12.3 billion for the 2021/22 financial year, which was largely attributed to a 15% increase in the price of electricity and feels confident that yet another increase in 2023 will reduce its losses even more.

Consumers will have to grapple with higher electricity prices after the National Energy Regulator of South Africa (Nersa) granted Eskom a 18.65% tariff hike ...

We have to understand this, and we have to act.” We have rising levels of poverty in South Africa,” he said. In an interview with 702, Roodt said gradually privatising the power utility was not the answer. We have unemployment levels of nearly 50%. “If you put up the price, it becomes less affordable. Last year, the Johannesburg high court ordered Nersa to decide on Eskom’s multi-year price determination revenue application by Christmas Eve.

Nersa has approved a 33.8% increase in Eskom's electricity tariffs over the next two years, starting with a whopping increase of 18.65% this April.

- Total revenue of R300-billion for the 2023/2024 financial year, which begins on 1 April 2023, translating to a tariff of 173.8c/kWh. “Eskom has both a debt problem and operational problem which makes the prospects of recovery very slim,” Rashaad Tayob, head of fixed income at Foord Asset Management South Africa, said before the announcement. South Africa has over the past two decades gone from having surplus power to regular blackouts.

Energy regulator has approved a massive increase in electricity prices in South Africa.

Nersa has in the past rejected Eskom’s applications and granted much smaller increases. “Can we go to a court and justify that these were self-inflicted emergencies? So we are between a rock and a hard place,” Gumede said. As has been discussed in the past, it’s incredibly difficult to determine how much of the applied-for recoveries relate to Eskom’s own inefficiencies, the subcommittee said. “Now we have to ask consumers to pay more for these units that don’t work. These turbines are only supposed to be used during peak periods and in emergency situations to keep the grid stable.

The power utility had applied for a 32% increase - almost double what the regulator ultimately approved.

The power utility applied for a 32% increase - almost double what the regulator ultimately approved. The power utility had applied for a 32% increase - almost double what the regulator ultimately approved.

The National Energy Regulator of South Africa (Nersa) has granted Eskom an 18.65% tariff increase for implementation on April 1, below the 32% hike that was ...

[financial](/topic/financial) year, is forecasting that its loss will increase to above R20-billion for the current [financial](/topic/financial) year. It subsequently received some relief in the form of 50-million litres from fellow State-owned enterprise PetroSA. [financial](/topic/financial) year, which translates to a tariff of 195.95c/kWh. This, despite intensifying loadshedding and indications by the utility that it would need to operate its open-cycle It also includes the partial liquidation of some revenue approved by the regulator following Regulatory Clearing Account applications by the utility. [financial](/topic/financial) year, which translates to a tariff of 173.80c/kWh, up from 146.48c/kWh. [gas](/topic/gas) [turbines](/topic/turbines-company) (OCGTs) at a load factor of 12% to offset the decline in the [energy](/topic/energy) availability factor (EAF) of its [coal](/topic/coal) fleet. [system](/topic/system) reports indicate that it is still deploying the OCGT plants, raising the spectre of the need for more taxpayer support to cover the costs. [financial](/topic/financial) year on March 31. [financial](/topic/financial) year. [power](/topic/power) company again approaching the National Treasury for funding, but the department has already expressed its reluctance to release scarce fiscal [resources](/topic/resources) for the purchase of the fuel. [financial](/topic/financial) year, against a request for 9.74%.

Note to editors: Please find attached soundbite by Ghaleb Cachalia MP. The decision by the National Energy Regulator of South Africa (NERSA) to increase ...

Just as the ANC government has failed to cushion South Africans from the high cost of living, NERSA made the ill-considered decision to allow Eskom to essentially demand more money from consumers over a product they cannot deliver. This NERSA/Eskom raid on consumer’s empty pockets is unfair, unjust and cruel because it is asking consumers to pay more for electricity that they don’t have. This is R320 that will probably have to be taken away from budgets meant for food, transport and other essential household ancillary expenses.

The decision by the National Energy Regulator of South Africa (Nersa) to increase electricity tariffs by 18.65% has been met by a lot of criticism from ...

‘’South Africans are being asked to pay for corruption and mismanagement at Eskom in the most unfair, unaffordable and unjust way. “Instead of acknowledging that overburdened consumers are currently carrying the dead weight of a collapsing Eskom monopoly, Nersa instead chose to protect itself from further litigation by Eskom and agreed to grant this exorbitant electricity price increase,” Steenhuisen said. “A feasible solution has to be pursued, because the ratepayer cannot continue to pay for historical and persistent mismanagement of our power utility,” Mashaba said.

Nersa granted Eskom's revenue application on Thursday after lengthy deliberations by the electricity subcommittee.

[Nersa granted Eskom's revenue application](https://ewn.co.za/2023/01/12/nersa-approves-18-65-electricity-tariff-increase-for-the-2023-24-financial-year) on Thursday after lengthy deliberations by the electricity subcommittee. The higher electricity price comes as the power utility battles to keep the lights on. Nersa granted Eskom's revenue application on Thursday after lengthy deliberations by the electricity subcommittee.

The struggling power utility had initially applied for a 32% increase in electricity tariffs but Nersa approved an 18.65% increase.

Eskom will publish a further update as soon as there are significant changes." The struggling power utility had initially applied for a 32% increase in electricity tariffs but The struggling power utility had initially applied for a 32% increase in electricity tariffs but Nersa approved an 18.65% increase.

While the National Energy Regulator of South Africa has approved a significantly lower hike than Eskom's requested 32%, energy expert, Matthew Cruise, ...

Unless we hear a significantly positive and practical plan, we all have to plan around having less electricity and more load shedding for the next 10 years." •

Eskom says it appreciates the "tough decision" made by the National Energy Regulator of South Africa (Nersa) to hike electricity tariffs by more than 18% ...

"The impact on individuals and businesses is understood. "Nersa has reconsidered capital-related costs when compared to the previous decision. and allow a further migration towards a price level that reflects the efficient cost of producing electricity."

John Maytham interviews Songezo Zibi, Chairperson of Rivonia Circle and member of the Rise Mzansi campaign. Yesterday (Thursday) energy regulator Nersa granted ...

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