Guiding consumers since 2009

NERSA approves Eskom tariff hike request

By Jessica Anne Wood

The National Energy Regulator of South Africa (NERSA) confirmed today that it has approved Eskom’s application for a tariff hike. In a statement it said: “The Energy Regulator decided that the average tariff for standard tariff customers be increased by 9.4% for the 2016/17 financial year only.”

In addition to this, the NERSA also announced the following decisions:

  • The RCA (regulatory clearing account) balance of R11, 241 million is recoverable from the standard tariff customers, local SPAs (special pricing agreements) and international customers in the financial year 2016/17.
  • The amount of R10, 257 million is recoverable from standard tariff customers for the 2016/17 financial year only.
  • The amount of R983 million is recoverable from Eskom’s local SPA customers and international customers for the 2016/17 financial year only.
  • Eskom must submit a new MYPD (multi-year price determination) application within three months, based on revised assumptions and forecasts that reflect the recent circumstances.

“The Energy Regulator made the decision after conducting due regulatory process, which included publishing Eskom’s RCA application and inviting written comments from stakeholders. Public hearings were conducted in six of South Africa’s provinces between 18 January 2016 and 5 February 2016 to afford interested and affected stakeholders the opportunity to present their views, facts and evidence,” explained NERSA.

Further details as to the reasoning behind NERSA’s decision are still to be released.

Recent Articles

Featured How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Why you should consider gap cover

Your medical aid should protect you from incurring large medical bills when you’re sick. But what if your plan doesn’t cover the full cost of your medical expenses? We got in touch with insurance experts to find out whether gap cover is worth having.

Debt relief - What is your bank offering?

Going through a financial crisis is stressful whether it be as a result of losing your job, being short-paid, having to fork out towards an emergency payment, or finding yourself in the midst of a global pandemic. This is especially taxing if you have a debt to service. It is against this backdrop that banks are increasingly offering payment holidays. Justmoney looks at the various debt relief options available to you from the big five banks.

Deals

Premier Hotel and Resorts Special For Senior Citizens

Price: Available on request
When: Daily
Where: Nationwide

The President hotel 10% discount for locals

Price: Available on request
When: Until 31 October 2020
Where: Cape Town

Get 40% off when you book your stay at Colosseum Hotel

Price: Available on request
When: Until 13 December
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions