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Price hikes to hit South Africa in the coming months
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Property groups have warned tenants to prepare for a hike in electricity prices from 1 July as the impact of Eskom increases take effect at a municipal level.
From 1 April 2021, the National Energy Regulator of South Africa (NERSA) approved Eskom’s allowable revenue from standard tariff customers to be increased by 15.06% for Eskom direct customers.
An estimated increase of 17.80% for the supply of electricity to all municipalities will be implemented on 1 July 2021. The country’s major municipalities will announce their own individual increases to be applied from 1 July 2021 based on their approved budgets.