City of Johannesburg electricity utility City Power said the National Energy Regulator of South Africa (Nersa) has approved its application for an average electricity tariff increase of 7.47%, which is essential to cover the increased cost of bulk purchases from Eskom, which increased by 8.61%, as well as to cover an inflationary adjustment, which increased by 4.4%, to City Power’s operating cost. City Power, after an extensive public consultation process, applied to Nersa for the average tariff increase, which will come into effect from July.
