South Africa

Here is everything you need to know about the Eskom price hike

Eskom has introduced its annual price hike, adding to the strain on struggling households.

Last month, Eskom was granted a 12.74% increase for its direct customers by the National Energy Regulator of South Africa (Nersa).

This increase is coupled with a 25.64% affordability subsidy. The average increase for key industrial and urban tariffs will be 13.29%, which is due to the increase in the affordability subsidy charge.

Eskom explained that it is paid by the non-municipal large industrial and urban tariffs and exists because of historically lower Homelight 20A tariff increases.

Nersa also granted a 12.72% increase to municipal customers. However, while Eskom’s prices go up today, municipalities will only increase their customer tariffs on 1 July.

MyBroadband consulted Eskom’s Schedule of Standard Prices for the 2024/2025 financial year to calculate roughly how much more Eskom Direct customers will pay for electricity from this month in rands.

According to a report by MyBroadband, most of Eskom’s direct residential customers are on the Homepower 4 tariff for households with single-phase 16kVA (80A) connections.

The energy charge on this tariff plan increases from about R2.50 to R2.82 for the first 600kWh of consumption in a month.

Consumption over 600kWh will now be charged at R4.54, instead of R4.03.

The table below shows how Eskom’s electricity tariff changes will impact Homepower users with varying consumption levels from April 2024: 

Here is everything you need to know about Eskom price hike
Here is everything you need to know about Eskom price hike Photo: MyBroadBand

 

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