Eskom is reviewing the implications of electricity regulator Nersa’s decision to grant it a lower than requested electricity tariff hike, public enterprises minister Malusi Gigaba said on Wednesday. “We are studying it in detail, because we need to understand
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Limiting Eskom’s electricity tariff hike to 8% is likely to have far-reaching implications, public enterprises minister Malusi Gigaba said on Monday. “While the National Energy Regulator of South Africa’s [Nersa’s] decision … is welcomed, the implications of the lower tariffs and revenue approved on Eskom’s
Eskom has been granted an 8%/year electricity tariff hike for the next five years, significantly below the 16% it was seeking, the National Energy Regulator of SA (Nersa) said on Thursday. The power utility quickly spoke out against Nersa’s decision, saying the the approved tariff hike will
A former Eskom executive director on Wednesday shot down the energy provider’s proposal for an annual 16% electricity price hike for the next five years. Mike Deats said Eskom had failed to address some important issues in its Multi-Year Price Determination (MYPD) 3 report, which could
Economic models show it is better and fairer for tariffs — not taxes — to pay for electricity, the National Energy Regulator of South Africa (Nersa) heard on Tuesday. If electricity was sold at the “right price”, it would be used more efficiently, so less would have to be invested in new generating capacity, Eskom
Our economy and its industrial base is power intensive and South Africa has one of the highest power consumption-to-unit of gross domestic product ratios anywhere. Cheap and abundant energy has, for a long time, represented our comparative advantages and shaped our economy. It has allowed South Africa to avoid
The 16% electricity tariff hike every year for the next five years is unavoidable, public enterprises minister Malusi Gigaba said on Tuesday. “It [the tariff increase] is not fair, [but] it is necessary,” Gigaba said at a business breakfast in Fourways.
Eskom’s application for a 16% price hike over five years is vital to cushion the economy against a shock of a sudden tariff rise, public enterprises minister Malusi Gigaba said on Tuesday. Briefing the parliamentary committee on public enterprises, Gigaba was reluctant to declare whether Eskom’s
Eskom has asked for a 16%/year increase in electricity prices for the next five years – an effective doubling in the price over the period. This will increase costs for mobile operators and data-centre providers, with costs eventually flowing through to consumers, industry players have warned. Vox Telecom
Eskom has asked for a 16% increase in electricity prices each year for the next five years, the parastatal said on Monday. This would more than double the price of electricity from 61c/kWh in 2012/13 to 128c/kWh in 2017/18. Eskom has submitted its application