Nersa approves increase in tarrif for electricity

GEORGE NEWS - Following the Council Resolution approving the Budget on 31 May 2024, electrical tariffs will increase by 12,72% effective from tomorrow, Monday 1 July.

George Municipallity released a statement over the weekend saying they have noted the MyBroadband news article referencing the Gauteng High Court interdict against several municipalities that failed to conduct the necessary cost studies before increasing electricity tariffs.

"George Municipality is correctly listed as having conducted the required cost studies, and Nersa has issued the necessary approval this past week," says the municipality.

On Friday 28 June Nersa released a media statement announcing the completion of the consideration and approval of tariff applications.

These include 178 licensed electricity distributors (both municipal and private) for the 2024/25 financial year, with implementation set for Monday 1 July.

Nersa approved tarrif applications of 178 licensed electricity distributors.