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MEDIA STATEMENT: George Municipality confirms NERSA Tariff Approval

George Municipality confirms that, following the Council Resolution approving the Budget on 31 May 2024, electrical tariffs will increase by 12,72% effective from 1 July 2024.
We have noted the MyBroadband news article referencing the Gauteng High Court interdict against several municipalities that failed to conduct the necessary cost studies before increasing electricity tariffs. George Municipality is correctly listed as having conducted the required cost studies, and NERSA has issued the necessary approval this past week.
On 28 June 2024, NERSA released a media statement announcing the completion of the consideration and approval of tariff applications for all 178 licensed electricity distributors (both municipal and private) for the 2024/25 financial year, with implementation set for 1 July 2024.