2015 Eskom tariff hike to be finalised
The power utility is expected to hike electricity tariffs by between two and five percent next year.
JOHANNESBURG - Eskom is expected to hike electricity tariffs by between two and five percent in 2015.
The power utility this year increased tariffs by eight percent.
The National Energy Regulator of South Africa (Nersa) made the announcement on Wednesday.
It said Eskom was entitled to recover R 7,8 billion from consumers for costs and lower-than-expected sales revenue between 2010 and 2013.
Nersa said Eskom had initially applied for a regulatory clearing account balance of R18,3 billion.
The regulator said it would draft an implementation plan that would determine exactly how Eskom would recover almost R8 billion in losses from consumers.
Nersa adds it will look at affordability of electricity and Eskom's sustainability.
The regulator's Thembani Bukula says the actual percentage tariff hike will be determined soon.
"We have not determined that. We will...hopefully have a decision on it at our next meeting in August."