CapeTownMagazine.com

Electricity price increase for Capetonians

For Moments of Joy. Follow our social channels
for useful news, daily local champions
 
072 350 2062
Ideas Cartel, The Old Foundry, 1 Sand Hill Road, Green Point
www.capetownmagazine.com/subscribe
now@capetownmagazine.com
CapeTownMag
CapeTownMagazine.com
capetownmag

Electricity price increase for Capetonians

The Mother City will experience a hike in utility costs from July 2017

Last Update 13 April 2017

The City of Cape Town has published their 2017/2018 Draft Budget which suggests a price hike in utilities for properties valued at more than R1-million with a new R8.21-a-day electricity tariff, in effect from 1 July 2017.

The Draft Budget has, in depth, set out what it proposes to do, come July. A few of the most important points in the Draft Budget include:

  • Properties valued at more than R1-million and those who use old credit meters will receive a R250 (R8.21-a-day) electricity tariff.

  • Ratepayers in homes valued at more than R400 000 will lose their free basic water supply.

  • If households use fewer than 600-kWh of electricity in a month, they won't notice a difference in tariffs.

The proposed increase is an attempt to recover the cost to maintain the service which was previously included in the unit price of electricity. This would see lower- and middle-income areas experiencing a 2.8% increase instead of a 3.34% increase as experienced in other areas.

The Draft Budget differentiates between three residential tariffs; the Lifeline customers with municipal property valuation over R400 000 will be migrated to the Domestic tariff (impacting more than 44 000 customers). Domestic customers with municipal property valuations in excess of R1-million will move to Home User tariff along with all credit metered Residential customers (impacting over 200 000 customers).  

Importantly any customer who is currently consuming 600-kWh per month or more on average will not see an impact on the move because at this level both the Domestic and Home User Tariffs have the same monthly accounts.

The changes allow the residential tariffs to increase by an average 2.8% across all tariffs - these come as a preemptive approach to reduce the likelihood of having to increase it by 7% to recover the revenue from this category.

By Tarina Meiring

---

Interested in what else is happening in Cape Town, have a look at how the skyline is developing in 2017. You can also find out how the city has provided over 1 million people with internet using fibre-optic cables.

---

STAY TUNED AND SUBSCRIBE TO OUR NEWSLETTER FOR FUTURE UPDATES.

---

---

Use our events section for an up-to-date overview of happenings in Cape Town. Also, don’t forget to subscribe to our newsletter and if you have a smartphone, add m.capetownmagazine.com to your home screen for quick access on the go!

---

Follow us on Twitter, like us on Facebook, join our Google+ circle, connect with us on LinkedIn, check out our photos on Instagram and follow our Pinterest boards for updates on what’s happening in and around the Mother City.

Cape Town Events Calendar
November 2024
SUN MON TUE WED THU FRI SAT
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

HintHunt AfricaGet over the midweek hump with a ...

Easy spot for team building, midweek date night, & more

Mavericks celebrity skinDance and dinner theatre at Mavericks

High-end, choreographed burlesque cabaret

AroundAboutCars 3 Car rental specials in Cape Town

Free upgrades, free data, 10% off luxury vehicles & more

Palm House Boutique Hotel and Spa August 2024Sublime dining at Palm House Boutique ...

Friday Night Steak Club, Afternoon Tea, 6-course tasting menu & more

The Barracks accommodation city centre Cape Town accommodation special for a ...

20% off, free breakfast, access to rooftop pool

mischu 2024Reasons to have lunch at mischu

Where else in Sea Point can you have lunch for under R100?

Trail's End Bike HotelTeam building, stylish conferencing & ...

Ultimate work-play-and-stay hub, Trail’s End

Milk on the beach wafflesOur team’s top picks at the Waffle ...

Loaded hotdogs, caramel popcorn G&Ts, waffle churros

Pear TreeThe hidden seaside bistro on the ...

Sushi calamari, miso sirloin & rice krispies milkshakes

mischu 2024Weekends are for mischu

You can get breakfast and coffee with the R99 brunch special

Cannibisters 2024Cape Town’s very own cannabis club, ...

Now with over 90 strains of weed and The Serenity Room

Off-road adventure at Scootours BanhoekBest day ever? Monster Mountain ...

Scootours Banhoek has scooters, vine bikes and archery

Escape rooms Cape TownPossibly the best escape room in the ...

HintHunt’s Marble is being called “the king of escape rooms”

Char'd Grill & Wine BarSpirit tastings and unique cuts at ...

Gin atomiser, brandy tastings and chef recommendations

Milk on the Beach 2024Reasons to visit this beach-side family ...

Ramen by the sea, a build-your-own waffle bar & 5 more

Palm House Boutique Hotel and Spa August 2024This boutique 5-star hotel offers ...

The signature Palm Journey includes a 3-course lunch

GiveawaysTravel Tips