Pricing Error: South Africans face a shocking 8.76% increase in electricity prices!

The South African energy regulator (National Energy Regulator of South Africa (Nersa)) has apologized for a miscalculation of electricity tariffs amounting to 54 billion rand (3.1 billion dollars), which will be passed on to consumers. This error, identified by Eskom, the state-owned electricity company, was caused by a “data entry problem”. As a result, electricity…...