On August 30, 2024, the Mafube Local Municipality issued a statement regarding the recent electricity tariff adjustments for the 2024/2025 financial year. This announcement came in the wake of the municipality's completion of its annual electricity tariff increase application to the National Energy Regulator of South Africa (NERSA), an essential process for municipalities in setting and adjusting their electricity rates.
Compliance with NERSA Requirements
Mafube Municipality has confirmed that the electricity tariffs for the current financial year have been approved by NERSA. This approval, received on June 28, 2024, ensures that the tariffs implemented from July 1, 2024, are fully compliant with NERSA's stringent cost of supply requirements. This compliance is crucial for maintaining transparency and fairness in the pricing of electricity services provided to residents.
Cost of Supply Study
The statement emphasizes that Mafube Municipality has successfully conducted and submitted a cost of supply study to NERSA, distinguishing it from other municipalities that may have failed to do so. A cost of supply study is an important tool used by municipalities to determine the appropriate cost structures for delivering electricity to consumers. This study forms the basis for tariff calculations, ensuring that they reflect the true costs of electricity distribution and supply.
Accessibility of Information
For residents interested in reviewing the details of the approved tariffs, Mafube Municipality has made the NERSA tariff approval document available on their official website. This move aligns with the municipality’s commitment to transparency and keeping the public informed about decisions that impact their daily lives. Additionally, residents are encouraged to reach out to the municipality via the provided contact details for any questions or concerns related to the new tariffs.
Conclusion
The statement from Mafube Municipality reassures residents that the new electricity tariffs are both approved and compliant with national regulations, following a thorough cost of supply study. This proactive approach not only supports the municipality’s operational sustainability but also ensures that residents are charged fairly for the electricity they consume.
For more information or to view the NERSA approval document, residents can visit the municipality’s website or contact them directly through the provided channels.
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