BUSINESS NEWS - According to an article on Moneyweb , Nersa has opened public comment on its proposed guideline for municipalities to increase electricity tariffs by an average of 15.1% on 1 July.
This is largely based on the 18.49% increase in bulk electricity purchases from Eskom.
Bulk purchases represent 74.23% of the expenditure municipalities incur in the Nersa model to supply electricity in their distribution areas.
This coming financial year is the last in which Nersa will be allowed to use its controversial municipal guideline and benchmark methodology to determine municipal tariffs, after two court rulings declared it unlawful and invalid.
Read the full article here on Moneyweb
‘We bring you the latest Garden Route, Hessequa, Karoo news’
