Eskom has initiated the application for the third multi-year price determination (MYPD 3) with the National Energy Regulator of South Africa (Nersa), which will determine nationwide electricity prices for the period starting 1st April 2013. The current MYDP 2 for the period April 2011 end March 2013 denotes a massive increase of 25% per annum; fortunately the electricity increase was reduced by 25% to 16% in 2012, approved by Nersa. The proposed MYPD 3, which will span a period of five years as opposed to three, has put forward an electricity tariff increase of 16% per annum. This rate is far above inflation and will continue to make electricity an unaffordable necessity for many South Africans. With all these figures in the pipeline, how will these electricity hikes affect our household energy bills?
Posts Tagged ‘MYPD 3’
Eskom Proposes Five Year Tariff Increase Plan: How Will This Affect Households?
Posted by Zeke on 02 Jul 2012 | Tagged as: Eco General
Monday, July 2nd, 2012
