More transparency needed, says Eskom’s Cassim.
Large power users have subsidised poor households for years, but the looming tariff increase has industry calling for a relook at the cross-subsidisation policy. Picture: iStock
Large power users, mostly industrial customers, on the other hand, in the current year, pay R7 billion more to subsidise the tariffs of poor households. Nersa approves negotiating pricing agreements based on a framework developed by the Department of Trade, Industry and Competition to assist struggling companies with electricity, as this is one of their main cost components, affecting their ability to be internationally competitive and preserve jobs.
“Several furnaces were shut down and those that were hoping to restart have no hope with the effective tariff increase Eskom wants of 58% over the next five years.” “These are extremely important to bring international investment to South Africa, retain jobs and to balance the grid during off-peak periods,” he says.
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