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Major price hikes hitting South Africa from March

South African consumers and businesses face a flurry of price increases in the coming weeks as a combination of global factors and local changes take effect.

Eskom granted 9 6% tariff increase

National energy regulator Nersa has approved an average tariff increase of 9.6% in electricity prices from April 1.

Eskom to study implications of lower-than-expected 9 61% tariff hike for 2022/23

The National Energy Regulator of South Africa (Nersa) announced on Thursday that Eskom’s tariff would rise by 9.61% on April 1, an increase that is less than half the 20.5% hike for which Eskom had applied. The tariff decision includes allowable revenue of R250-billion, against the R293-billion for which Eskom applied, which translates to a sub-inflation increase in the retail tariff of 3.49%.

Our tariffs are not high: Eskom

Comparisons presented by Eskom to show that its tariffs are low compared to those in many other countries were met with scepticism on Thursday.

Eskom seeks to show prudency of running diesel plants as its pegs cost of load-shedding at R9 53/kWh

State-owned electricity producer Eskom sought to demonstrate the economic prudency of running the diesel-fuelled open-cycle gas turbines (OCGTs) harder to mitigate load-shedding during the fourth day of National Energy Regulator of South Africa (Nersa) public hearings into its latest allowable revenue application. Eskom is seeking allowable revenue of R293.4-billion for 2022/23, which would result in a 20.5% tariff hike from April 1 if granted.

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