Electricity Tariff Hike Approved
A 9.4% electricity tariff hike was approved by the National Energy Regulator (Nersa) for 2016/17. This after Eskom applied to recoup R22.8 billion in 2015, which it claims to have used to prevent load shedding. Continue reading
The Jury is Out on Electricity Tariffs
The National Energy Regulator of South Africa (Nersa) will announce whether or not it will approve Eskom’s proposed hike of electricity tariffs on February 25. The hearing for Eskom’s regulatory clearing account (RCA) concluded on Friday, February 5. Continue reading
- SA retail petrol prices will increase by 3.6% and wholesale diesel will increase by 4.4% on Wednesday, June 3.
- Petrol will cost R13.36 and diesel will cost R11.67.
- The repo rate will remain at 5.75% for the moment.
The CFVI is a measure of our perception of our cash flow, buying power and general financial position as consumers, and this perception is continually affected by our changing economic environment.
In South Africa, the CFVI fell from 51.4 in the third quarter of 2014 to 51.2 points in the fourth. Continue reading
Consumers and businesses across South Africa are holding their breath in fearful anticipation of June 29, 2015, when the National Energy Regulator (Nersa) will announce whether or not it has approved Eskom’s application for a shocking 25.3%. electricity tariff hike.
A debt expert has warned that the approval of this electricity tariff hike will prove catastrophic to indebted consumers and businesses, plunging them into irreversible over-indebtedness and triggering an onslaught of bankruptcies. Continue reading
The National Energy Regulator of South Africa (Nersa) has approved Eskom’s request to increase the price of electricity. A decision motivated by the additional costs it suffered from running diesel gas turbines to keep up with the overwhelming demand for power.
95% of the electricity that Eskom generates goes to South Africa. Unsurprisingly, Eskom is really feeling the heat these days as it struggles to meet a daily demand of almost 30 000 megawatts. Continue reading