Energy: City Power to increase tariffs

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City Power will increase its tariffs by an average of 7 percent from Tuesday, it said yesterday, after the National Energy Regulator of SA approved hikes. Nersa approved City Power’s tariff increase application across different consumer segments. “City Power welcomes the decision by the regulator to approve all the tariff increase applications submitted by the utility,” managing director Sicelo Xulu said. “These tariff increases strike the balance between raising the required capital to improve infrastructure to ensure a steady and uninterrupted supply of electricity, and the economic realities faced by hard-pressed consumers.” Conventional commercial users will pay 4.79 percent more for their energy usage, while commercial prepaid customers will pay 9.40 percent more. – Sapa

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