Eskom has confirmed that
it will implement a price
increase on
April 1 of 12.69% for direct
customers. Municipalities
will pay 14.25% more from
July 1.
The power utility said
that its current financial
position, as a result
of historical non costref
lective tariffs and the
lag in recovery of eligible
expenditure, meant it
could not pre-fund further
costs necessitated by the
constrained power system
– such as short-term
power
purchases from
independent
power
producers and
municipal
generators and the
increased use of open cycle
gas turbines.
“These constraints have
required Eskom to explore
options for further review
of tariff increases for the
2015/16 financial year.
Submissions in terms
of the Multi-Year Price
Determination (MYPD)
methodology have been
made to Nersa in this
regard,” said a spokesman
quoted by SAnews.gov.za.
INSERT
12.69%
The April 1 increase
