Draft Budget: This is how much more you will be paying

The Overstrand draft budget for 2025/26 was tabled in council this afternoon. It provides for tariff increases for the respective municipal services as follows –

Property Rates 9.7% (% increase on the cent in the Rand rate)

Water 6,2%

Sewerage 6%

Refuse Removal 6%

Electricity tariffs, as following:

The draft electricity tariff increase recommended for municipal consumers of the municipality, is in accordance with electricity consumer categories, as introduced in 2024/2025 already, offers a capacity charge, for the consumer to determine the level of services required, directly in relation to the price structure.

The Cost of Services (CoS) electricity tariff structure is based on the National Energy Regulators required tariff structure for municipalities. The national annual increase for municipalities to implement for 2025/2026, is estimated to increase by 9.96%. The National Energy Regulator of South Africa (NERSA) still has to issue a final determination, but the final increase per category consumer is to be considered in view of the recommended CoS tariffs.

This increase should be determined in combination with the capacity charge tariff applicable to the consumer, together with the electricity unit costs (kWh) consumed. An important principle of the CoS tariffs is the option for individual consumers to migrate to, or to choose the most cost effective capacity charge tariff, allowing consumers to manage this portion of electricity costs, as well as consumption levels