Bernadette Wicks24 September 2024 | 9:55

Eskom's proposed 36% electricity tariff hike open for public comment

The power utility wants to hike up tariffs for direct customers by around 36% next year and then by 12% and 9% in the 2027 and 2028 financial years respectively.

Eskom's proposed 36% electricity tariff hike open for public comment

Picture: Xanderleigh Dookey-Makhaza/Eyewitness News.

JOHANNESBURG - Eskom's proposed electricity tariff increases for the next three financial years, have gone out for public comment.

The power utility wants to hike up tariffs for direct customers by around 36% next year and then by 12% and 9% in the 2027 and 2028 financial years respectively.

Following an almost 13% hike this April, the proposal courted significant controversy with a petition launched by the Democratic Alliance (DA) to try and block the hike.

So far it has garnered more than 100,000 signatures.

According to the consultation paper, the National Energy Regulator of South Africa (NERSA) published on its website, Eskom’s revenue application amounts to R446 billion for the 2026 financial year, R495 billion for 2027, and R537 billion for 2028.

READ: NERSA takes legal fight against AfriForum over electricity tariffs to SCA

NERSA notes the major drivers as primary energy, operating costs, independent power producers, international purchases and depreciation.

The window for written comments to be submitted opened on Monday and is set to close on 1 November 2024 after which NERSA said it would “collate all comments received, which will be taken into consideration when the decision is made”.

Public hearings will also be held for all nine provinces, from 18 November until 6 December.

NERSA plans to publish its decision with the reasons in March next year.

The new tariff hikes are expected to take effect a month later, on the 1 April.