ELECTRICITY PRICE GOES UP BY 15% COME APRIL 1

MBABANE – Tough times lie ahead for businesses and consumers as SERA has approved an electricity price increase of 15 per cent, effective April 1.

This follows an application for a tariff increment by the Swaziland Electricity Company (SEC).
SERA is an acronym for Swaziland Energy Regulatory Authority.

Again in the next financial year, SEC will effect another 15 per cent tariff increment, as per the approval by SERA. Basically, the two tariff increases will be implemented in 2017/18 and 2018/2019 financial years. SEC had applied for a tariff increase of 20.19 per cent for the 2017/2018 financial year.

This means that for every E100, consumers will now get 69.28 units compared to the 79.68 they got before the tariff hike.
This makes a difference of about 10 units. The electricity price hike will be effected on April 1 each financial year.

Vusi Mkhumane, SERA Chief Executive Officer (CEO), announced the approved price hike yesterday at the regulator’s offices. Mkhumane said the increase by the aforesaid percentage was a result of a corresponding revenue requirement of E2.05 billion for SEC for the 2017/18 financial year and a revenue requirement of E2.34 billion in 2018/19 financial year.

Mkhumane said all other fixed charges including fixed and access charges would be increased by 6.8 per cent for 2017/18 financial year and then by 6.4 per cent for 2018/19, being the projected inflation rates for the respective years.
Customers who pay for fixed charges are those classified under General Purpose, Small Commercial, Smallholder Irrigation, Large Commercial and Large Irrigation.

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