Power tariffs to double by 2011
By Justin Brown
Local electricity prices will increase as much as two and a half times in the next three years, after the National Energy Regulator of SA (Nersa) yesterday granted Eskom a total tariff increase of 27.5 percent for this year. Eskom had requested a hike that would have doubled energy prices between March 31 this year and April 1 next year.
With the added pressures of the electricity going up, we can expect further interest rate rises. These pressures are going to increase so check your finances out now before you get squeezed. Compare credit cards, bolster your bank accounts, and consolidate your debt. If you are in trouble already consider debt mangement now, before it gets worse.