Not only is load shedding costing South Africa around R 4 billion a day, it is also pushing the country into a technical recession due to quarter-on-quarter economic declines, according to both ABSA and Citibank. To resolve this, Finance Minister Enoch Godongwana announced several reforms in his recently delivered Medium Term Budget Policy Statement.

By 2026, 573.7 million households worldwide will have smart home devices

Eskom recently proposed a revised tariff structure which, if approved by Nersa, will charge residential consumers based on when they use electricity. It serves to manage peak periods by charging customers more for using electricity during these times. As energy charges will be split into peak, standard or off-peak periods, customers could possibly pay more or less, depending on their consumption profile.

It is a well-known fact that consumers’ electricity bills increase during winter as we use more energy trying to stay warm. Plus, we spend more time in our heated homes avoiding the icy elements outside.