According to a forecast released on Tuesday by Energy Partners says the “electricity cost for the average South African household will increase from R13509 per annum to R15696 in one year’s time‚ R25206 in 5 years’ time and R30360 in 8 years’ time”.
The hearings are part of Eskom’s ability to increase the price for electricity.
But this has drawn huge criticism from industry players and energy regu
lator who are all concerned with the economic downfall and the impact it will have on the distressed public.
Mila Loubser from Enery Partners says “the power situation in South Africa will only fully stabilise by 2022 when a reliable energy supply and standard increases can be expected to be established once more”.
“This application was rejected in June 2015 due to significantly overstated costs and a lack of credible long-term planning and certainty. In light of this rejection‚ Eskom will have to borrow funds in order to close the funding gap of R200-billion up to 2018‚” she said.
The increases on actual domestic tariffs for a typical consumer in residential areas will increase from R0.14 per kWh in 1988 to R 2.18 per kWh in 2016 if Eskom’s latest increase is approved.
The hearings are still continuing nationally.
This comes as the National Energy Regulator of SA is holding public hearings into Eskom application to cover a R22.8-billion adjustment for the 2013/2014 financial year.
According to a forecast released on Tuesday by Energy Partners says the “electricity cost for the average South African household will increase from R13509 per annum to R15696 in one year’s time‚ R25206 in 5 years’ time and R30360 in 8 years’ time”.
The hearings are part of Eskom’s ability to increase the price for electricity.
But this has drawn huge criticism from industry players and energy regulator who are all concerned with the economic downfall and the impact it will have on the distressed public.
Mila Loubser from Energy Partners says “the power situation in South Africa will only fully stabilise by 2022 when a reliable energy supply and standard increases can be expected to be established once more”.
“This application was rejected in June 2015 due to significantly overstated costs and a lack of credible long-term planning and certainty. In light of this rejection‚ Eskom will have to borrow funds in order to close the funding gap of R200-billion up to 2018‚” she said.
The increases on actual domestic tariffs for a typical consumer in residential areas will increase from R0.14 per kWh in 1988 to R 2.18 per kWh in 2016 if Eskom’s latest increase is approved.
The hearings are still continuing nationally.
