Electricity and Energy Minister Kgosientsho Ramokgopa says any increase above 20% is untenable.
Electricity and Energy Minister Kgosientsho Ramokgopa says the government will firmly oppose Eskom tariff hikes of more than 20%.at the Windaba Conference in Cape Town. On 27 August 2024, Eskom applied to the National Energy Regulator of South Africa for a 36.15% price hike for next year.
“There is the terminology that is used with regard to a death spiral. As the prices go up further, we’ll get less and less consumers staying on the grid and the non-payment rate will increase,” said Cassim. Cassim explained that even if Nersa disallows certain amounts in its revenue application, it will still have to pay these costs.“Those are costs that are committed to that we have to recover. If through the regulatory decision, there’s an amount that is disallowed from the regulator, we still have to pay the coal suppliers the amount, and then we will have to find that shortfall,” said Cassim.
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