Eskom gets more big electricity price increases
After it was ordered to conduct proper public consultations on additional allowable revenue for Eskom, Nersa has landed on the same figure that the High Court previously dubbed a “thumb-suck.”
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After it was ordered to conduct proper public consultations on additional allowable revenue for Eskom, Nersa has landed on the same figure that the High Court previously dubbed a “thumb-suck.”
Eskom CEO Dan Marokane has promised that they will bring down electricity prices in South Africa.
How it will be funded is still unclear.
By providing free basic electricity to more households, Eskom hopes to curb electricity theft and illegal connections in South Africa.
The energy regulator’s Rhulani Mathebula explains why the amount it owes Eskom for a tariff determination error has ballooned from R54 billion to R76 billion.
A stable electricity system has enabled Eskom to shift its focus to reducing generation costs.
The North Gauteng High Court has set strict timelines for municipal electricity tariff applications.
Eskom says it may struggle to keep future electricity price hikes under 10% if the courts don’t deliver a judgment on its R54-billion Nersa settlement soon.
Eskom says that unless an outstanding court case is concluded soon, it may not be able to keep future electricity tariff increases below 10%.
Electricity and energy minister Kgosientsho Ramokgopa says the era of double-digit electricity price increases is over.