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Friday, 29 March 2024 12:50

Eskom to implement NERSA-approved electricity price increase from April.

By Lehlohonolo Lehana.

State owned ower utility Eskom has announced that it will implement electricity price increases, as approved by the National Energy Regulator of South Africa (Nersa), from April 1.

The utility in October 2023 applied to Nersa for the approval of its Retail Tariff and Structural Adjustment Application and the schedule of tariffs for the period from April 1, 2024, to March 31, 2025.

Nersa on December 14 determined the tariff increase for 2024/25, applicable to Eskom's direct customer tariffs from April 1, 2024, and to Eskom's tariffs for local authorities (municipalities) from July 1, 2024.

Eskom states that the average increase applied to the key industrial and urban tariffs will be 13.29%, owing to the increase in the affordability subsidy charge.

The affordability subsidy charge is raised as a subsidy to the Homelight 20A tariff and is determined by Nersa. The charge exists due to historically lower Homelight 20A tariff increases and is paid by the non-municipal large industrial and urban tariffs.

Although there are no tariff structural changes for 2024/25, Eskom is considering a tariff restructuring submission to NERSA for 2025/26.

Eskom's tools for analysing the changes can be accessed via its website.

Meanwhile Eskom and Russian state-owned nuclear company Rosatom have signed a training "action plan" that aims to increase employment for African graduates of Russian universities. 

According to Eskom, the plan includes joint education programmes for employees; joint degree programmes among Rosatom and Eskom partner universities; and a train-the-trainers hydrogen programme developed by Rosatom.

The companies further agreed on co-programming the Obninsk Tech School for Women in STEM (Science, Technology, Engineering, Maths) that takes place in June in the Russian town of Obninsk, which this year celebrates the 70th anniversary of the world’s first nuclear power plant.

Eskom and Rosatom employees will also participate in the Eskom Women's Conference, the Obninsk NEW International Youth Nuclear Forum, and the BRICS Youth Energy Summit.