According to Moneyweb Eskom has just announced that it has submitted a tariff application to National Energy Regulator (Nersa). Economist Mike Schüssler says it may lead to an increase of 17% in electricity tariffs next year.
Eskom may ask for even more in the following year, but that submission will only be made at a later stage.
Initially Nersa determined that electricity tariffs would increase by 8% per year from April 1 2013 to March 31 2018. On April 1, 2015 however, tariffs increased by 12.69% instead of 8%, after an adjustment was made for under-recovery in the previous tariff period.
It is possible that Eskom may submit an application for further adjustments for 2014/15 and 2016/17 after year-end on March 31 next year, together with a submission for the next tariff period.
This may result in an even bigger increase sought in the following year (2017/18).
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