Table 5:
|
Year |
Eskom average price increase (%) |
Inflation rate (%) |
|
1987 |
12.00 |
16.20 |
|
1988 |
10.00 |
12.90 |
|
1989 |
10.00 |
14.50 |
|
1990 |
14.00 |
14.30 |
|
1991 |
8.00 |
15.60 |
|
1992 |
9.00 |
13.70 |
|
1993 |
8.00 |
9.90 |
|
1994 |
7.00 |
8.80 |
|
1995 |
4.00 |
8.70 |
|
1996 |
4.00 |
7.30 |
|
1997 |
5.00 |
8.60 |
|
1998 |
5.00 |
6.90 |
|
1999 |
4.50 |
5.20 |
|
2000 |
5.50 |
5.40 |
|
2001 |
5.20 |
5.70 |
|
2002 |
6.20 |
9.20 |
|
2003 |
8.43 |
5.80 |
|
2004 |
2.50 |
1.40 |
|
2005 |
4.10 |
3.42 |
|
2006 |
5.10 |
4.70 |
|
2007 |
5.90 |
7.10 |
|
(projected) |
Source: Eskom yearbook (various editions); StatsSA (various editions).
|
Table 6: |
Comparison between a tax on electricity and an increase in its administered price - | |||||||
|
f0wn |
f0wr |
f0xn |
f0xr |
p1wn |
p1wr |
p1xn |
p1xr | |
|
CONS |
-0.312 |
-0.312 |
0 |
0 |
-0.492 |
-0.504 |
0 |
0 |
|
INV |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
GOV |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
EXP |
-0.098 |
-0.096 |
-0.482 |
-0.818 |
-0.239 |
-0.169 |
-0.808 |
-1.26 |
|
IMP |
-0.186 |
-0.186 |
-0.035 |
-0.06 |
-0.291 |
-0.293 |
-0.051 |
-0.084 |
|
GDP |
-0.177 |
-0.177 |
-0.11 |
-0.186 |
-0.3 |
-0.29 |
-0.186 |
-0.289 |
|
CPI |
-0.001 |
-0.002 |
0.24 |
0.34 |
-0.032 |
-0.057 |
0.334 |
0.469 |
|
PINV |
-0.006 |
-0.006 |
0.059 |
0.167 |
-0.008 |
-0.028 |
0.091 |
0.238 |
|
PGOV |
0.004 |
0.002 |
0.03 |
0.319 |
0.002 |
-0.047 |
0.042 |
0.44 |
|
PEXP |
0.02 |
0.019 |
0.097 |
0.164 |
0.048 |
0.034 |
0.162 |
0.254 |
|
PIMP |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
PGDP |
0.012 |
0.011 |
0.194 |
0.352 |
-0.029 |
-0.062 |
0.248 |
0.464 |
|
EMPL |
-0.31 |
-0.31 |
-0.208 |
-0.351 |
-0.52 |
-0.5 |
-0.344 |
-0.537 |
Comparison of the average Eskom price increase to consumer inflation, 1987-2007
Note: “f0”: industries and households pay a 10% tax on electricity; “p1”: prices are directly
increased by 10%; “w”: nominal household spending is a function of wage income; “x”:
real household spending is constant; “n”: nominal wages are held fixed; “r”: real wages
are held fixed.
12