The resignation of the National Energy Regulator of South Africa CEO Phindile Baleni will lead to hikes in the electricity price, the Democratic Alliance said on Tuesday. “Sadly, Ms Baleni’s resignation now heightens the
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Eskom may be unable to avert an energy crisis, but South African households and businesses can generate power on their rooftops at a cost per kilowatt that rivals that of megaprojects such as Medupi or Kusile, without subsidies or incentives. The cost of rooftop solar photovoltaic
Power utility Eskom is 21 days from going broke, the minister of public enterprises has confirmed. “Eskom will run out of money by the end of January,” minister Lynne Brown said this week. Brown confirmed the “pressure on the company’s liquidity
A plan is in the making for Eskom’s financial and operational recovery, public enterprises minister Lynne Brown said in Johannesburg on Tuesday. “Yesterday, the Eskom leadership and the leading global expert on the subject walked me through the very latest analysis of the road ahead,” she said. “The expert
Consumers will be hit with a 12,7% electricity tariff hike next year, the National Energy Regulator of South Africa (Nersa) announced on Friday. Nersa approved Eskom’s plans to recoup losses after it had under-recovered money during the multi-year-price-determination
Cabinet has approved a package to close the funding gap at Eskom, the national treasury said on Sunday. The package, approved at a special cabinet meeting in Cape Town on Thursday, would guarantee energy security and support gross domestic product growth, spokesman
The Democratic Alliance demanded answers from the government on Monday on what its bailout plan for the embattled state electricity utility Eskom will entail. Responding to Sunday’s announcement by cabinet that it had approved a funding package to help Eskom with its R225bn
Trade union federation Cosatu on Wednesday vowed to fight “to the bitter end” any attempts to privatise Eskom. “Cosatu is not surprised by media reports that there are moves within government to privatise Eskom,” spokesman Patrick Craven said in a statement. “This is a continuation of an agenda
Consumers will see an additional electricity price hike next year after energy regulator Nersa announced on Thursday it had approved the regulatory clearing account for Eskom. “The National Energy Regulator of South Africa
The money Eskom is hoping to claw back from the National Energy Regulator of South Africa (Nersa), in an effort to plug its revenue shortfalls, could potentially mean as much as a 9% increase in electricity tariffs if it is approved. But the regulator has warned that any increase would be carefully weighed