Massive proposed electricity price increases will leave many South Africans having to choose between buying food or having power
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Eskom has a proposal before the National Energy Regulator of South Africa to hike electricity prices by a rumoured 44% for the 2024/2025 financial year.
But Eskom is staying mum on this request to Nersa. In its recent summer outlook briefing, a question was posed to Eskom heads on the tariff. Calib Cassim the chief financial officer said that the utility consults with the South African Local Government Association and the national treasury before submitting to Nersa. He confirmed that a submission was made to Nersa for multi-year price determinations.
Financially, Eskom has battled a growing municipal debt leaving it requiring bailouts from the treasury. This means that electricity consumers face a serious burden paying for electricity. In previous years when load-shedding was rife, diesel was used to run open-cycle gas turbines at great costs, often in the billions. This would undoubtedly affect the price of electricity.
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