Eskom to implement 12,7% electricity price hike on 1st April

  • On 10 October 2023, Eskom applied to the National Energy Regulator of South Africa (NERSA) for the approval of its Retail Tariff and Structural Adjustment Application (ERTSA) and the Schedule of Tariffs for the period from 01 April 2024 to 31 March 2025.

On 14 December 2023, NERSA determined the tariff increase for 2024/25, applicable to Eskom’s direct customer tariffs from 01 April 2024, and to Eskom’s tariffs for local authorities (municipalities) from 01 July 2024 as follows:

The average increase applied to the key industrial and urban tariffs will be 13.29% due to the increase in the affordability subsidy charge. The affordability subsidy charge is raised as a subsidy to the Homelight 20A tariff and is determined by NERSA. This charge exists due to historically lower Homelight 20A tariff increases and is paid by the non-municipal large industrial and urban tariffs.

There are no tariff structural changes for 2024/25, however, Eskom is considering a tariff restructuring submission to NERSA for implementation in 2025/26.

Image credit: Eskom

The tools to analyse the changes due to the increases can be accessed by visiting the Eskom site:

Author: Bryan Groenendaal

Leave A Reply

About Author

Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

Copyright Green Building Africa 2024.