Energy Crisis | Eskom seeks a whopping 36% electricity price hike

Power utility Eskom has asked the National Energy Regulator of South Africa for a whopping 36 % increase in electricity tariffs for the 2025 financial year. This will be followed by 12 % for the 2026/27 financial year and an increase of 9% for 2027/2028. If approved, the price hike would allow Eskom to collect R446 Billion in revenue in 2026, R495 billion rand in 2027, and R537 billion in 2028. Nersa is calling for public comment, with the closing date for the submission of written comments at 4pm on the 1st of November. To talk more on this matter, we are joined virtually by Eskom chief financial officer Calib Cassim. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.