On 9 March 2020, the National Energy Regulator of South Africa (Nersa) approved Eskom’s allowable revenue from standard tariff customers to be 8.76% which will be implemented on 1 April 2020 for Eskom direct customers and 6.90% for municipalities which will be implemented on 1 July 2020, says Eskom on their website.
Eskom has been granted permission to increase electricity tariffs in an attempt to recoup R13 billion. The increase is expected to be finalised by September 2020.
It is Inevitable, South africa will be paying more for electricity. About 6.5% increase in electricity prices, probabbly arround september this year.
We could also see only three days of loadsheding because during the country's hard lockdown which came into effect at the end of March, it gave Eskom the opportunity to catch up on short term maintenance and the lunch what they call a relaibility maintenance program.
"Before we had the lockdown, we forecasted 31 days of load-shedding, so what has helped us the last eight weeks, doing these urgent short term maintenances, when we ran the model again, we are now forecasting three-days of stage one load-shedding over a winter period that is coming," said Jan Oberholzer, the Chief Operating Officer at Eskom Holdings SOC Ltd.
Eskom, which has been plagued by corruption, mismanagement and a disastrous maintenance programme, will be looking to recoup its grievous financial losses by way of tariff increases. This comes after Eskom issued Nersa with a series of legal challenges, the most important of which relates to the Regulatory Clearing Account (RCA) for the 2018/2019 financial year.
Link To Eskom announcement below:
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