Eskom is pushing hard-pressed citizens to breaking point with worsening load-shedding and tariff hikes.
The National Energy Regulator of SA (Nersa) this week approved a 18.65% Eskom tariff increase for the 2023/2024 financial year, sparking debate and frustration.
The regulator on Thursday gave the green light to revenue of R318bn in 2023/2024 and R352bn in 2024/2025.
Eskom had applied for R351bn and R381bn respectively.
The decision was made after considering public opinion, economic challenges, declining household income, declining investment, high unemployment, low industrial production and load-shedding.
The increase will come into effect from April 1 for Eskom direct customers, with municipalities to determine the date for their customers.
On Wednesday, the ailing power utility announced a move to stage 6 load-shedding, citing “severe capacity constraints”.
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