# Eskom’s electricity tariffs will rise by 8.8-percent over the next two financial years after the energy regulator, Nersa, identified errors in its earlier price determination. The increase, higher than the initially announced five-percent and six-percent respectively, follows an out-of-court settlement with the utility. Nersa says the adjustment allows the utility to recover an additional 54-billion-rand over two-years. No public consultation was held due to the legal process, but the phased rise is meant to balance Eskom’s revenue needs with consumer protection.
Eskom tariffs set to rise 8.8% after Nersa admits mistakes