By Neo Semono
Pretoria - The National Energy Regulator of South Africa (Nersa) has granted power utility Eskom a 31.3 percent interim tariff hike.
"A 31.3 percent price increase on the average standard tariff is approved from 1 July 2009 to 31 March 2010," announced the regulator's Chairman, Collin Matjila, on Thursday.
This will result in an increase of the average standard tariff from 25.24 c/kWh to 33.14c/kWh.
This after the power utility submitted its request for an interim 34 percent hike from the regulator to cover its operational expenditure.
Nersa said the increase will result in estimated tariff revenues of R62.031 billion while the estimated total revenues including Special Pricing Agreements (SPA's) will be R64.70 billion.
This increase also includes a 2cents/KwH levy on the sale of electricity generated from non-renewable sources.
However, the increase includes a limited price increase of 15 percent to both the parastatal and municipalities' poor customers.




