Electricity theft, meter tampering and faulty meters cost the City of Tshwane R416 million in the 2013/14 financial year. This is an 83% increase over the previous year.
Together with technical losses, the municipality lost income from electricity to the value of R819 million, up from R622 million in the previous financial year.
In total 14.25% of all elelctricity available for sale was lost. This is a sharp increase from 11.03% in the previous financial year and comes as the country is subjected to load shedding because of a supply shortage.
The norm for electricity losses in big cities is 6%-8%, Leon Claassen, analyst at Ratings Afrika earlier told Moneyweb.
The extent of the electricty losses was disclosed in the Auditor-General’s (AG) audit report that will be tabled in council on Thursday…….
Read More here: Electricity theft out of control in Tshwane.
