Eskom applies electricity tariff increase

The price of electricity will increase this week, following Eskom's implementation of its new electricity tariff of between 12.72% and 12.74%. This after the National Energy Regulator of South Africa (NERSA) determined the increases in December last year. The increases are as follows: Local authority tariff charges: 1 July 2024 - 30 June 2025: 12.72% Eskom direct customers: 1 April 2024 - 31 March 2025: All tariff charges except the affordability subsidy charge: 12.74%. Homelight 20A: 12.74%. Affordability subsidy charge: 25.24% '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 considerin g a tariff restructuring submission to NERSA for implementation in 2025/26,' the power utility said. Source: South African Government News Agency