Joburg rejects Eskom demand for 38% tariff hike

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The Multi-Party Government in Johannesburg says it rejects Eskom’s request to the National Energy Regulator of South Africa (NERSA) for a 38.1% electricity tariff increase for the 2023/24 financial year.

Environment and Infrastructure Services Department MMC, councillor Michael Sun, and officials from City Power attended the NERSA hearings on behalf of the City of Joburg.

“If Eskom’s proposed application of a tariff hike of 38.1% is approved, City Power would have little room but to pass-through the costs to its customers. This would place further financial burdens on residents within the City of Johannesburg.” The local government said it believes that Eskom has room to review and revise its proposed revenue down by R55 billion, by reducing the increase for the 2023/24 financial year to at least 18.4%.

“This unrealistic tariff hike proposed by Eskom would put a halt to business and economic recovery and would negatively impact on job creation and the City’s revenue base,” Sun said.

 

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