Eskom seeks yearly increases of 16% to 2018i

Engineering News 22 October 2012.

State-owned electricity utility Eskom has submitted its third multiyear price determination period (MYPD3) application to the energy regulator, in which it is requesting average yearly tariff increases of 16% for the five-year period from April 1, 2013, to March 31, 2018.

The utility indicated on Monday that, if granted, the increases would raise the price of electricity from 61c/kWh currently to a nominal 128c/kWh by 2017/18, or to 96c/kWh real at the conclusion of the tariff period…

(Editor’s note: There are some confusing calculations in this article, for instance: “… industrial customers receive a 21% average yearly hike over the period, from 57.2c/kWh to 69c/kWh…”. This incorrect, 57.2c esacalated by 21% of ONE year is 69.2c, for five years it comes to 148.4c/kWh. Similarly ” municipal tariffs were set to rise by an average of 13% a year over the period, from 57.3c/kWh to 64.9c/kWh.” 57.3 escalated by 13% for ONE year comes to 64.7, but for five years comes to 105.6.)

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