Official: Prices will be rising AGAIN!

So it’s official, electricity prices will be rising harder and faster than the 8% already planned.
NERSA have agreed that Eskom can raises prices more than 8% next April, but they haven’t agreed exactly how much yet!
“South African power utility firm Eskom has been given permission to raise electricity prices next year above the 8 percent previously granted, the energy regulator said on Wednesday.”
By my reckoning, it looks like 12-14% price hikes are on the cards! So buckle down and start reducing your usage before next April! You’ve been given a nice 10 months to get moving people 🙂
We’d recommend starting with a Homebug just to see how much you really use and when first… but more on that later!

There’s more detail here:

http://www.fin24.com/Economy/Eskom-gets-nod-to-increase-prices-20140730

and here:

http://af.reuters.com/article/southAfricaNews/idAFL6N0Q54JY20140730?pageNumber=1&virtualBrandChannel=0