MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / Electricity and Energy Ministry notes NERSA electricity tariff decision

Electricity and Energy Ministry notes NERSA electricity tariff decision

Electricity and Energy Ministry notes NERSA electricity tariff decision

The Ministry of Electricity and Energy has expressed its confidence in the National Energy Regulator of South Africa (NERSA) – highlighting the regulator’s ability to maintain “independence and integrity” while balancing the diverse interests involved in electricity tariff decisions.

This following NERSA’s announcement of its decision on Eskom’s Sixth Multi-Year Price Determination (MYPD6) revenue application for the 2025/26, 2026/27 and 2027/28 financial years.

The regulator approved a 12.74% price hike for electricity starting at the beginning of the 2025/26 financial year in April 2025.

For 2026/27, NERSA greenlit increases of some 5.36% with a further increase of 6.19% from the start of the 2027/28 financial year.

Electricity and Energy Minister, Dr Kgosientsho Ramokgopa said: “We welcome the fact that these tariff adjustments take into account the need to mitigate inflationary pressures on communities and businesses, helping to stabilise the broader economic environment”.

Independent regulator

The Electricity and Energy department expressed confidence in the regulator’s ability to fulfil its mandate.

“We reaffirm our confidence in the independence and integrity of NERSA in fulfilling its mandate to ensure that electricity pricing balances the financial sustainability of Eskom with the economic realities faced by households, businesses, and industries.

“Whilst the approved tariff adjustments will place pressure on Eskom to stay the course with its investment strategy to strengthen and modernise its generation, transmission and distribution infrastructure, the Ministry remains committed to working closely with Eskom to drive greater efficiency gains. 

“This will ensure that operational improvements and cost reductions contribute to the utility’s long-term financial sustainability while safeguarding the affordability and reliability of electricity supply,” the department said.

Furthermore, in recognition of rising energy concerns, the department will “continue introducing measures to provide relief to vulnerable households and small businesses to cushion them from rising electricity costs”.

“As part of our broader energy strategy, the government remains committed to pursuing an energy mix that delivers affordable, secure, and sustainable electricity for all South Africans, in line with our decarbonisation commitments and long-term energy security goals. 

“We call on all stakeholders to engage constructively in shaping our energy future, ensuring a transition that is inclusive, just, and responsive to South Africa’s developmental needs. 

“The Ministry will continue working towards long-term energy affordability and reliability, ensuring that no South African is left behind in the country’s energy transition,” the department concluded. – SAnews.gov.za

NeoB
Fri, 01/31/2025 – 08:34

356 views

The Ministry of Electricity and Energy has expressed its confidence in the National Energy Regulator of South Africa (NERSA) – highlighting the regulator’s ability to maintain “independence and integrity” while balancing the diverse interests involved in electricity tariff decisions.

This following NERSA’s announcement of its decision on Eskom’s Sixth Multi-Year Price Determination (MYPD6) revenue application for the 2025/26, 2026/27 and 2027/28 financial years.

The regulator approved a 12.74% price hike for electricity starting at the beginning of the 2025/26 financial year in April 2025.

For 2026/27, NERSA greenlit increases of some 5.36% with a further increase of 6.19% from the start of the 2027/28 financial year.

Electricity and Energy Minister, Dr Kgosientsho Ramokgopa said: “We welcome the fact that these tariff adjustments take into account the need to mitigate inflationary pressures on communities and businesses, helping to stabilise the broader economic environment”.

Independent regulator

The Electricity and Energy department expressed confidence in the regulator’s ability to fulfil its mandate.

“We reaffirm our confidence in the independence and integrity of NERSA in fulfilling its mandate to ensure that electricity pricing balances the financial sustainability of Eskom with the economic realities faced by households, businesses, and industries.

“Whilst the approved tariff adjustments will place pressure on Eskom to stay the course with its investment strategy to strengthen and modernise its generation, transmission and distribution infrastructure, the Ministry remains committed to working closely with Eskom to drive greater efficiency gains. 

“This will ensure that operational improvements and cost reductions contribute to the utility’s long-term financial sustainability while safeguarding the affordability and reliability of electricity supply,” the department said.

Furthermore, in recognition of rising energy concerns, the department will “continue introducing measures to provide relief to vulnerable households and small businesses to cushion them from rising electricity costs”.

“As part of our broader energy strategy, the government remains committed to pursuing an energy mix that delivers affordable, secure, and sustainable electricity for all South Africans, in line with our decarbonisation commitments and long-term energy security goals. 

“We call on all stakeholders to engage constructively in shaping our energy future, ensuring a transition that is inclusive, just, and responsive to South Africa’s developmental needs. 

“The Ministry will continue working towards long-term energy affordability and reliability, ensuring that no South African is left behind in the country’s energy transition,” the department concluded. – SAnews.gov.za

Watch a Electricity and Energy Ministry notes NERSA electricity tariff decision related video:

Stunning South Africa:

https://www.dfa.co.za/wp-content/uploads/2024/08/MQdv-_whcLGG1ys-WSMNultgZtY.jpg

Have you visited MyPR?

MyPR.co.za offers free to publish press releases for your news site, blog or offline publication. Use the handy REPUBLISH facility or the Full Text RSS Feeds or just copy and paste.

Straton Electrical | Straton Solar | Straton Prepaid | Straton Plumbing | Straton IoT | Straton eBikes | BA Systems | Mbane Contracting | Reach Trust

Category: Tag: , , , , , , , , , , , , , ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Fun South African fact

    Dear Editor Fun South African fact: towns like Franschhoek and Stellenbosch are home to world-class wine farms set in stunning, scenic surroundings. Regards Aressa Smith In Response to/From: Luxury Properties Seized in New Lottery Crackdown

  • Condolences on the Passing of Lusanda Dumke

    Statement by Leander Kruger MPL – DA Buffalo City Constituency Leader: The Democratic Alliance in Buffalo City Metropolitan Municipality mourns the passing of Springbok Women’s rugby player and Mdantsane trailblazer, Lusanda Dumke, who lost her battle with cancer at the age of 28. South Africa has lost an exceptional athlete, a leader, and a source…

  • Rape Kits Delivered, But…

    Statement by Nicholas Gotsell MP – DA NCOP Member on Security & Justice: The DA can confirm that 2 840 rape kits arrived in Cape Town on Monday, following sustained DA oversight and pressure after multiple police stations across the Western Cape were found to be without this critical forensic evidence tool. While this delivery…

Reader Interactions

Comments

  1. Kiff / Kief – cool [kif]/[k-eef] Derived from the Arabic kayf, meaning enjoyment or well-being, kiff or kief is most often used to convey similar feelings of nice, cool, great.Example: “This chow is kiff my bru!”

  2. Fun South African Travel tip: You can visit the hominid fossil displays and learn more about the beginnings of our planet at the Maropeng Visitors Centre and Sterkfontein Caves.