Eskom CEO André de Ruyter has said that electricity is too cheap and gets wasted as a result.
Speaking at the Joburg Indaba, De Ruyter reportedly said one of the ways South Africa should solve its energy problems is to reduce electricity demand.“Something that is cheap gets wasted; something that is expensive gets treasured.”for electricity tariffs in 2023 is based on the data available to the energy provider.“The rate increase is a mechanical exercise. We don’t sit and suck up this very daunting number of a 32% increase,” he said.
He explained that Eskom knows that 32% is not an achievable increase, but they asked for it to “put the marker down” for further electricity prices over time.De Ruyter’s statements follow the announcement of a new Eskom board with a mandate to increase the energy availability factor to 75%.
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