Average electricity price increase of 16%

The National Energy Regulator (NERSA), government, and power utility Eskom have heeded the call for affordable electricity prices, says the Energy Intensive Users’ Group (EIUG).

EIUG was responding to a NERSA decision to approve an average price increase of 16% for electricity tariffs effective from April 1 this year to March 31 next year.

The EIUG, which represents the biggest business energy users in the country, said it should be a priority to hold increases as low as possible, so as to ensure Eskom’s financial sustainability, while ensuring affordability and competitiveness.

“The EIUG encourages that every effort is made by all parties involved to remain aware of the impact of high electricity prices on consumers at large and to ensure existing jobs are protected and new jobs created with businesses that grow and remain competitive,” the group said.

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Average electricity price increase of 16%