The announcement that Eskom wants South African homes and businesses to pay 20% more for electricity from 1 April 2018 is just the tip of the proverbial iceberg.
With the ruling by the Supreme Court of Appeal on 6 June, the door has been flung open for the approval of further electricity tariff increases over and above the proposed 20% tariff hike as Nersa will now be able to process regulatory clearing account (RCA) applications by Eskom to recover about R42billion through further tariff increases. Energy expert Chris Yelland has warned that the judgement has dire implications for the cost of electricity.
Our considered view is that the Eskom will propose for massive increases of up to 50%, aiming as high as possible so that any compromise tariff is likely to be in the region of 20-30%, and will be so every year for the foreseeable future. Read more…
The most important question that every South African electricity user needs to answer now is this: Why are you still prepared to pay the rapidly increasing costs of electricity that have rocketed at over 500% since 2007 driven by inefficiencies, lack of governance and reports of endemic corruption within Eskom?
When it comes to your electricity supply and costs, you have the absolute power to take control and do something constructive about it by becoming more energy efficient and grid independent by converting to solar electricity generation, or photovoltaics (PV).