Should Eskom win a court battle against the National Energy Regulator of SA (Nersa), South Africans face the prospect of paying double within two years for electricity.
This is according to the Energy Expert Coalition (ECC), which has launched a campaign to stop Eskom hiking tariffs.
Eskom applied for increases of 17.1% for 2019/20, 15.4% for 2020/21 and 15.5% for 2021/22. In March, Nersa approved electricity hikes of 9.41%, 8.1% and 5.2% for the next three financial years, far below Eskom’s application for double-digit tariff increases. Eskom said the decision had left the company with a shortfall of R102bn.
According to energy expert Ted Blom, should Eskom succeed, there would be a 45% jump on current tariffs.
“However, as the increase is over and above their annual tariff hikes, in reality, your electricity costs will double within two years,” Blom said.
The embattled power utility said it would challenge the energy regulator's tariff increases in court.