Browsing: Paul O’Flaherty

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Eskom grilled on power price

Revelations that electricity from Eskom’s Medupi power station could come in at an estimated 97c/kWh suggest SA could have got better value from renewable technologies such as wind. The power utility told parliamentarians that finance charges on its new power stations would be an estimated R25bn for Medupi in Limpopo

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Eskom still weighing tariff hikes

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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Zuma appeals to Eskom over tariffs

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

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Eskom calls for cost-related tariffs

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

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Eskom rakes in R12,8bn profit on tariff hikes

Eskom grew its net profit to R12,8bn in the six months to the end of September, chief financial officer Paul O’Flaherty said on Wednesday. The power utility grew revenue to R63,9bn, which was mainly driven by the 25,8% tariff increase, granted by the National Energy Regulator of SA