WATCH | Nersa announcement on power price hike

JOHANNESBURG - The National Energy Regulator of South Africa will, on Thursday, decide on the utility's price hike application.

Eskom wants you to pay 32% more for electricity for the next financial year.

The embattled utility is looking to recover over R350bn with the hike.

The announcement comes after the regulator asked for a number of extensions in making its decision.

A final decision on Eskom’s revenue application was meant to be announced in November last year.