Eskom has confirmed that a price increase will be implemented on 1 April 2015. "Eskom confirms that the price increase to be implemented on 1 April 2015 to Eskom direct customers is still 12.69% and for municipalities will be 14.25% from 1 July 2015 as approved by the National Energy Regulator of South Africa (Nersa) during November 2014," it said on Friday. Eskom said its current financial position, as a result of historical non-cost reflective tariffs and the lag in recovery of eligible … [Read more...] about Above inflation electricity price increase
price increase
Petrol price to increase by 36c
Motorists, who are already struggling with the high cost of fuel, will have to fork out an additional 36 cents a litre for fuel, as from next Wednesday. The Department of Energy announced on Friday the retail price of Petrol 93 ULP and LRP and Petrol 95 ULP and LRP will increase by 36 cents a litre. The price of wholesale Diesel 0.05 percent Sulphur will go up by 35 cents a litre while that of Diesel 0.005 will increase by 36 cents. The wholesale price of illuminating paraffin is to … [Read more...] about Petrol price to increase by 36c
Eskom asks for 16% tariff increase
Power parastatal Eskom has asked the National Energy Regulator of SA (Nersa) for a total 16% tariff increase over the next five years. The utility is asking the regulator for 13% for each of the five years for its own needs, plus 3% to support the introduction of Independent Power Producers (IPPs). The current Multi-Year Price Determination, MYPD 2, comes to an end in March 2013. Additionally, the power parastatal is proposing that there be a five-year determination for MYPD 3, running … [Read more...] about Eskom asks for 16% tariff increase
