The NCOP held a debate on the significant tariff increase.
Political parties in the National Council of Provinces in Parliament have expressed mixed reactions to the proposedThe National Energy Regulator of South Africa gave a go ahead for the power utility to hike the electricity by 36.1% retrospectively.ANC delegate in the NCOP, Sylvia Sithole, sought to protect the move by Eskom and NERSA.
“Essential Eskom tariffs that are determined by NERSA have been insufficient to cover the prudent and efficient costs that the national utility incurred to supply electricity to customers and also provide a fair return on capital. Consequently, Eskom has been forced to increase reliance on debt and government guarantees to fund the revenue shortfalls.”
Speaking during the debate, Eastern Cape MEC for Cooperative Governance and Traditional Affairs, Zolile Williams, said the decision failed to take into account other factors such as poverty. “NERSA’s recent decision to approve a retrospective tariff increase for Eskom aimed to stabilised the utility’s finances. However, this move has triggered unintended and far-reaching consequences for vulnerable households and small businesses. This decision is being implemented at a time when South Africans are grappling with the rising costs of living crises, mud by high inflation, stagnant wages and persistent energy security.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Committee to get legal advice on Malatsi withdrawing SABC Bill - SABC News - Breaking news, special reports,Communications and Digital Technologies Committee seeks legal advice on withdrawing of the SABC Bill
Read more »
Playing India gives South Africa T20 squad IPL window - SABC News - Breaking news, special reports, world,The IPL and other T20 competitions worldwide have proven a lucrative revenue source for cricketers.
Read more »
Samson century lifts India to T20 victory over South Africa - SABC News - Breaking news, special reports,South Africa asked India to bat and the visitors posted 202 for eight in their 20 overs
Read more »
Urban development issues discussed at World Forum - SABC News - Breaking news, special reports, world,The 12th World Urban Economic Forum has kicked off.
Read more »
African progress backslides as coups and war persist - SABC News - Breaking news, special reports, world,Ibrahim pointed to the coups in West Africa and war in Sudan
Read more »
Gauteng faces critical water shortage - SABC News - Breaking news, special reports, world, business, sportThe latest No Drop report reveals widespread unregulated water loss and consumption issues.
Read more »