Eskom has applied to the National Energy Regulator (Nersa) to increase the price of electricity by 20.5%. This is far above the current inflation rate of 5.5%.
According to the COCT, if Eskom’s proposed price hike is approved, households will be spending more of their income on electricity each month and municipalities across South Africa will have no choice but to pass this increase on to its electricity customers or face bankruptcy.
Capetonians cannot afford a 20.5% electricity price increase. Eskom should withdraw this increase application. pic.twitter.com/4ayW4YY7vP
— Geordin Hill-Lewis (@geordinhl) January 13, 2022
Mayor, Geordin Hill-Lewis has made it clear to Eskom that residents cannot afford this increase, and has asked Eskom’s CEO to withdraw the application.
The Mayor further added that Capetonians are struggling to meet the rising cost of living, and it is unfair and unjustified for Eskom to try to fix its financial problems by passing this burden on to households.
So far, Eskom has refused to withdraw or amend its application. The City calls on Nersa to refuse Eskom’s application to dramatically raise the price of electricity.
If you would like to support the Mayor’s call to reject the tariff hike, click here.
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Picture: Twitter / COCT