Eskom is mulling the wisdom of demanding tariff increases that will make the electricity price fully cost-reflective in five years, the utility said on Tuesday. “That is what we in Eskom are discussing at the moment,” finance chief Paul O’Flaherty said on the sidelines of a briefing to parliament’s portfolio committee on
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The national energy regulator confirmed on Wednesday that it aims to heed Eskom’s call to have South Africans pay cost reflective electricity prices by 2018. Nersa’s Thembani Bukula said the regulator would receive Eskom’s medium term tariff application, called MYPD3, by the end of the month, and then hold consultations
The cold weather experienced across SA has resulted in a huge increase in national electricity expenditure, power utility Eskom said on Monday. CEO Brian Dames told a business executives’ meeting in Pretoria that the power consumption bill between 5pm and 9pm daily had been “staggering”. “This
South Africans should expect more power cuts, as the distribution grid will gradually collapse from 2015 unless a maintenance backlog is addressed, an expert said on Thursday. “We are three years away from collapse,” Deon Louw, the deputy director of electro-technical services in Overstrand municipality
Persistent delays in announcing the financial close of the first 28 large renewable energy power plants in SA is cause for grave concern. These projects had navigated the first window of the country’s Renewable Energy Independent Power Producer’s Procurement Programme
Solar power generation is a great fit for sunny SA. But for a long time it’s been too expensive for individuals, and even most businesses, to consider. The price of installation and maintenance is falling and equipment is becoming more efficient, but with the
Concern for consumers will inform Eskom’s upcoming electricity tariff increase application, President Jacob Zuma suggested on Wednesday. Delivering the presidency budget speech, Zuma pointed out that Eskom reduced its tariff hike for this year from 25,9% to 16% thanks to government’s decision to
Eskom called for cost-related tariff increases on Tuesday, citing Sanral’s woes as proof that the consumer-pay principle needs to apply to safeguard the credit ratings of parastatals. Finance director Paul O’Flaherty told MPs the utility needed tariffs to reach a cost-reflective level of 90c per kilowatt-hour in real terms
What company would ask its customers to buy less of its product and, at the same time, promptly increase prices? That dubious distinction goes to Eskom. The parastatal has increased its prices to improve the supply and distribution of electricity, yet pays
The Democratic Alliance called on Thursday for public enterprises minister Malusi Gigaba, as well as representatives from Eskom and Transnet, to appear before MPs for urgent talks on the massive scale of copper theft. “Minister Gigaba confirmed [in a written reply to a parliamentary question] that Eskom and Transnet