LISTEN | Eskom's proposed 32.02% price hike must be 'rejected outright', says analyst

📆 9/16/2022 5:30 PM
📰 SundayTimesZA

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Eskom's justification for the price hike does not hold water, says independent economic and energy analyst Tshepo Kgadima.

Independent economic and energy analyst Tshepo Kgadima calls for 'mass firings' at Eskom. File photo.Eskom has requested a 32.02% electricity price increase from the National Energy Regulator for the 2024 financial year, effective from April 1 next year.

depreciation of 10.67%, due mainly to an incorrect regulatory asset base valuation by Nersa in its decision for the 2023 financial year; IPP cost increase of 9.05% , due to further energy being sourced from IPPs, including emergency procurement.

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Eskom wants a massive 32% electricity price hike in South AfricaIn its most recent price determination application to the National Energy Regulator of South Africa (Nersa), Eskom seeks tariff hikes that would cover emerging costs. And South Africa wants electricity! Looks like no one gets what they want!! They are mad, completely mad!
Source: BusinessTechSA - 🏆 24. / 61 Read more »