{"id":64638,"date":"2014-08-04T00:05:18","date_gmt":"2014-08-03T22:05:18","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=64638"},"modified":"2014-08-03T23:38:46","modified_gmt":"2014-08-03T21:38:46","slug":"how-much-youll-pay-for-electricity-next-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/64638\/how-much-youll-pay-for-electricity-next-year\/","title":{"rendered":"How much you’ll pay for electricity next year"},"content":{"rendered":"

Nersa announced last week that it has approved the regulatory clearing account (RCA) for Eskom, allowing it to recover R7.82 billion in revenue.<\/p>\n

The RCA is a regulatory mechanism that allows Eskom to adjust for over-or under-recovery of revenue, as initial price determinations are based on projections and assumptions.<\/p>\n

According to energy consultancy firm, NUS, the recovery of almost R8 billion could see electricity prices increasing by as much as 14% in 2015.<\/p>\n

Eskom was previously approved to increase the price of electricity in 2015 by 8%, which would have seen prices at R0.70\/kWh off the current average selling price of R0.65\/kWh.<\/p>\n

Eskom sells 200,000 GWh of electricity a year (200 billion kilowatts), the NUS noted.<\/p>\n

Thus, in order to recover the R8 billion approved by Nersa, customers are likely to be charged an additional 4 cents per kilowatt to recoup that amount.<\/p>\n

With this RCA recovery factored in, this would push the price of electricity up to R0.74\/kWh in 2015 – a 14% jump.<\/p>\n

Eskom initially sought approval to recover R18.3 billion, which would have translated to a 9 cent increase, or R0.79\/kWh – a 22% leap.<\/p>\n

\n\n\n\n\n\n\n
<\/td>\nPrice (per kWh)
\n<\/strong><\/td>\n		Increase<\/strong><\/td>\n%<\/strong><\/td>\n<\/tr>\n
Current average<\/td>\nR0.65<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
Scheduled increase<\/td>\nR0.70<\/td>\nR0.05<\/td>\n8%<\/td>\n<\/tr>\n
Nersa-approved recovery<\/td>\nR0.74<\/td>\nR0.09<\/td>\n14%<\/td>\n<\/tr>\n
Eskom wanted<\/td>\nR0.79<\/td>\nR0.14<\/td>\n22%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Eskom has been asking for an equity injection of at least R50 billion to solve its cash-flow problems.<\/p>\n

The power utility has painted a gloomy picture of its books, telling MPs it faced a R225 billion revenue shortfall, partly as a result of being granted lower-than-expected tariff increases by Nersa.<\/p>\n

More on Eskom<\/h3>\n

Eskom owed R3 billion by municipalities<\/strong><\/a><\/p>\n

Eskom reports profit surge<\/strong><\/a><\/p>\n

Eskom threatened with power blackout<\/strong><\/a><\/p>\n

Eskom issues power warning for the week<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nersa’s approved R7.8 billion revenue recovery for Eskom could see electricity prices skyrocket in 2015.<\/p>\n","protected":false},"author":10,"featured_media":47029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1164,26,2006,6007],"class_list":["post-64638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-eskom","tag-headline","tag-nersa","tag-price-increase"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=64638"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64638\/revisions"}],"predecessor-version":[{"id":64742,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/64638\/revisions\/64742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/47029"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=64638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=64638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=64638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}