A group representing the biggest electricity consumers in South Africa have appealed for more predictable power price increases.
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Comparisons presented by Eskom to show that its tariffs are low compared to those in many other countries were met with scepticism on Thursday.
Energy expert Chris Yelland has warned that if Eskom gets its way, the economy will go into “a nosespin”.
Stakeholders have until Friday to submit written comments to energy regulator Nersa on Eskom tariffs that may increase by more than 40%.
Eskom said on Monday it had executed the separation of its transmission division, subject to certain conditions, in line with an end-December deadline.
Eskom chief financial officer Calib Cassim has confirmed that Eskom has applied for an average tariff increase of 20.5% for the next financial year.
Energy regulator Nersa has presented four new options to Eskom for determining the tariffs it will be allowed to charge from 1 April next year.
Energy regulator Nersa and energy minister Gwede Mantashe have been sued by environmental activists over plans to allow the construction of new coal-fired power plants.
Eskom has filed an urgent application in the high court to prevent a situation where it will be unable to generate any revenue from 1 April next year.
Energy regulator Nersa has rejected a multi-year revenue application by state-owned power utility Eskom, the regulator said in a statement.