Eskom has asked for permission to raise priced by 36% in its 2026 financial year, far exceeding inflation.
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Government on Friday appointed Dan Marokane as the next CEO of Eskom.
South Africa’s hopes for a raft of new power projects to help it out of a crippling energy crisis are fading.
Eskom said it will work hard to avoid anything higher than stage-4 load shedding this summer.
Eskom has been excluded from national treasury’s updated set of cost containment measures, Business Day reported.
Treasury given Eskom the first tranche of a package that will wipe off more than half the utility’s liabilities.
Trade unions at Eskom have agreed a new three-year wage deal on Thursday giving a 7% pay rise for each year.
It’s going to be an exceptionally “hard” winter for South Africans, Eskom said, with record stage-8 power cuts possible.
Eskom has moved to assure South Africans that there is no imminent collapse of the power grid.
The pair have travelled to China as Eskom implements record power cuts that are hobbling the economy.