Consumers will be hit with a 12.69% electricity tariff hike next year, the National Energy Regulator of SA (Nersa) announced on Friday.
According to Fin24, Nersa approved Eskom’s plans to recoup losses after it had under-recovered money during the multi-year-price-determination 2 (MYPD2) control period between 2010 and 2013.
Nersa said it had approved the implementation plan of the Regulatory Clearing Account (RCA) balance of R7.818m for Eskom Holdings.
“The RCA balance will be a once-off recovery from the standard tariff customers as well as other Eskom customer categories and will only be implemented in the 2015 to 2016 financial year.”
This means consumers will pay an extra 4% on top of the 8% hike approved under the MYPD3 control period.
“The implementation of the second multi-year-price-determination RCA in 2015 to 2016 will result in an average tariff increase of 12.69% for standard customer tariffs from the 8% approved in the MYPD3 decision of February 2013.”
Nersa approved the RCA balance in July.
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https://m.news24.com/fin24/Economy/Consumers-face-extra-4-power-tariff-hike-20141003
