Eskom may increase tariffs above 8% for 2015

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South African power utility, Eskom has been given permission to increase rates above the approved eight per cent for 2015.

This means that South Africans should expect a tariff increase of eight per cent plus an additional hike depending on Eskom’s decision. 

(WATCH VIDEO: NERSA Grants Eskom 8% Tariff Hike)

This is according to the National Energy Regulator of South Africa (NERSA) who has said that it has authorised Eskom to recover an additional 7.8 billion rand in revenue a year from consumers.

The adjustment will be implemented as of April 2015. However, it is less than what Eskom had initially asked for as tighter cost controls are still being pushed by NERSA. 

(WATCH VIDEO: Nersa calls for standardised tariff for electricity resellers)