Eskom will implement the NERSA-approved average electricity price increase from 01 April 2024
Thursday, 28 March 2024: On 10 October 2023, Eskom applied to the National Energy Regulator of South Africa (NERSA) for the approval of its Retail Tariff and Structural Adjustment Application (ERTSA) and the Schedule of Tariffs for the period from 01 April 2024 to 31 March 2025. On 14 December 2023, NERSA determined the tariff increase for 2024/25, applicable to Eskom’s direct customer tariffs from 01 April 2024, and to Eskom’s tariffs for local authorities (municipalities) from 01 July 2024 as follows:
The average increase applied to the key industrial and urban tariffs will be 13.29% due to the increase in the affordability subsidy charge. The affordability subsidy charge is raised as a subsidy to the Homelight 20A tariff and is determined by NERSA. This charge exists due to historically lower Homelight 20A tariff increases and is paid by the non-municipal large industrial and urban tariffs.
There are no tariff structural changes for 2024/25, however, Eskom is considering a tariff restructuring submission to NERSA for implementation in 2025/26.
The tools to analyse the changes due to the increases can be accessed by visiting the Eskom site: https://www.eskom.co.za/distribution/tariffs-and-charges/. The site is updated with the following documents and tools:
• Nersa media statement;
• Rates in excel format
• Schedule of Standard prices
• Small power user (SPU) tariff comparison tool;
• Large power user (LPU) tariff comparison tool;
• Residential token purchase tool (for pre-paid supplies);
• Notified maximum demand (NMD) tool; NMD rules
Please note that these sites will be updated in the next few days as more documents/tools become available. Secondly, the information is only for customers that are directly supplied by Eskom.
ENDS
