Eskom hopes to increase electricity prices with 16.6% by April 2020

Eskom hopes to increase electricity prices with 16.6% by April 2020

- Eskom is hoping that it will be given permission to raise electricity prices with double the amount Nersa agreed

- The National Energy Regulator of South Africa awarded the power utility the right to increase prices by 8.1% in 2020/2021 and 5.2% in 2021/2022

- However, Eskom insists it needs more and is asking the North Gauteng High Court to agree

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South Africans are feeling cheated by Eskom and the load-shedding crisis that's got the country in its unkind grip.

But with Eskom asking users to pay even more for electricity is making the power utility all that much more disliked.

The National Energy Regulator of South Africa awarded Eskom tariff increases of 8.1% in 2020/2021 and 5.2% in 2021/2022, but this isn't enough.

Briefly.co.za gathered that the state-owned enterprise wants double.

READ ALSO: SA reacts to ANC tweet: 'Why must we listen to your hogwash?'

According to a report by MyBroadband, Nersa and Eskom appeared in the North Gauteng High Court over the tariffs.

Eskom wants the court to allow it to push prices up to 16.6% on 1 April 2020 and then again in 2021, with another 16.72%.

Nersa is arguing that asking users to pay so much is unfair and it is unaffordable, but Eskom argues that the price raise should be awarded, regardless of how unfair or affordable it is.

Eskom insists the hike is necessary to help save the company.

In addition, Eskom wants to test a new 'critical peak day tariff'. This will kick in on days when electricity is especially constrained.

Price hikes have been looming for months, and it is only a matter of time before it happens.

Whether prices will go up by 8.1% or 16.6% remains to be seen. Meanwhile, South Africans are suffering under the burden given to it by Eskom.

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Source: Briefly.co.za

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