Thursday, 25th June 2009 at 2:00 pm by Rander
Electricity hiked by 31.3%


Eskom has been granted a 31.3% tariff increase by the National Energy Regulator of SA(Nersa). The hike will come into effect on 1 July 2009. Eskom had wanted a 34% increase but they have only been allowed to increase tariffs by 31.3% which is still a substantial amount. With the current state of the South Africa economy, this hike is not going to go down well with consumers. This increase will affect every consumer no matter who you are. But the consumer, as hard as it will be, will have to bare with Eskom as they needed this increase in tariffs. Eskom have been trying since January last year to get a hike. They need to increase the electricity infrastructure in the country to meet the increasing demand of electricity.

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Comments

Debt Counselling on 2 July, 2009 at 11:26 pm #

This is very bad news for consumers, because this will cause an increase in inflation and might cause interest rates to go up sooner. More people will get into financial trouble who are not coping with the increase in living cost as it is!


Charles on 31 July, 2009 at 5:27 am #

Yikes - I hate it when any prices go up. Especially “electricity in winter”, got to cut the heater usage, lol…


Joseph Moore on 6 August, 2009 at 11:15 am #

Means time to save electricity, but what extend?


Debt Review on 6 August, 2009 at 1:34 pm #

And there is more increases to come next year!


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