10.5% electricity price hike shock for South Africa
South Africans are on the hook to pay Eskom an additional R76 billion, which could see the planned price hikes for 2026 almost double.
Auto Added by WPeMatico
South Africans are on the hook to pay Eskom an additional R76 billion, which could see the planned price hikes for 2026 almost double.
The public has until 21 January 2026 to comment on energy regulator Nersa’s plan to force South African energy users to pay Eskom an additional R76 billion for its mistakes.
The ‘secret’ R54 billion settlement deal between power utility Eskom and energy regulator Nersa has been nixed by the High Court, until the public has been sufficiently consulted.
Lobby group AfriForum has managed to put a temporary hold on the R54 billion settlement agreement between Eskom and energy regulator, Nersa.
South Africa’s energy regulator apologized for a R54 billion error in calculating electricity tariffs, a mistake that will be passed on to consumers.
South Africans will be forced to pay over another R50 billion to Eskom, despite already paying a premium for years of its inefficiencies, corruption and load shedding.