Eskom seeks 16% tariff hike every year for 5 years

Eskom has asked for a 16 percent increase in electricity prices each year for the next five years, the parastatal said on Monday (22 October 2012).

This would take the price of electricity from 61 cents a kilowatt hour in 2012/13 to 128 cents a kWh in 2017/18.

Eskom has submitted its application requesting the increases to the National Energy Regulator of SA (Nersa).

The current Multi-Year Price Determination, MYPD2, ends on March 31, 2013.

Nersa will announce its final decision in February, following an extended period of consultation and public hearings.

Related article

Eskom quiet on electricity tariff hike claims

Electricity situation urgent: FMF

Eskom seeks extension for tariff application

Eskom weighing tariff hikes

Stiff electricity tariff hikes proposed by Eskom