Eskom's tariff increase for 2022/23 will be 9.61%, the National Energy Regulator of SA (Nersa) announced on Thursday.
The tariff goes up on 1 April for Eskom customers and 1 July for municipal customers. Municipalities will also likely add a surcharge for their customers.
The price hikes will take the average electricity tariff in South Africa from just over R1.33 per kWh to around R1.46.
Eskom’s proposed increase was criticised by a number of civil action organisations, business groups, and municipalities, as it was much higher than South Africa’s official inflation rate.
This year’s application was drawn up a year ago but had previously not been deliberated on by Nersa.
South Africa’s Chamber of Commerce and Industry warned the approval of this increase could be disastrous for the country’s businesses.
Paired with substantial increases in fuel prices, this would punish individual users as well.
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