Eskom proposed stiff tariff hikes

Electricity tariff hikes mentioned in a confidential Eskom document leaked to the media were part of its proposed application on the matter

July 13, 2012
Eskom logo

Electricity tariff hikes mentioned in a confidential Eskom document leaked to the media were part of its proposed application on the matter, the parastatal said on Friday.

The figure of 14.6 percent each of the next five years was merely an initial proposal submitted to the National Treasury and the SA Local Government Association, spokeswoman Hilary Joffe said.

These bodies had 40 days to comment on the proposal, before the final application, incorporating this input, was made to the National Energy Regulator of SA (Nersa).

“We don’t have the final numbers and respect the consultation process,” Joffe said.

When the application was submitted to Nersa, it would be in the public domain, she said.

Reuters news agency reported on Friday that a document in its possession marked “strictly confidential” contained the proposed increases.

It quoted Eskom chief executive Brian Dames as saying the parastal had requested more than R1 trillion over five years.

This was apparently to fund expansion projects, including new power stations, and could average 19 percent in this time frame depending on government decisions.

Related articles

Eskom applies for third MYPD

Sanral e-tolling mess shows customers must pay: Eskom

Feb elec consumption up 1.8% y/y vs 0.4% in Jan

Eskom Medupi plant will power up in 2013

Government is “losing the war on copper theft” – DA

Eskom notes Moody’s “credit negative” comments

Tags: Active, eskom

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Which broadband provider do you respect the most?

View Results

Loading ... Loading ...

More News

New Telkom Mobile LTE for home: 10GB, 20GB, 50GB products explained

Telkom Mobile LTE

Telkom Mobile has unveiled its “Home Office LTE service” commercial trial with 10GB, 20GB and potentially 50GB contract packages

DoC shocked by Sunday Times editor’s “confession”

Dina Pule

Department of Communications “flabbergasted” by Sunday Times editor’s “confession that the newspaper collaborated with the DA against Minister Pule”

Free extra data from Vodacom

Vodacom Red

Vodacom rewards early adopters of its Smart and Red packages with extra data and text allowances

How to save on international data roaming

Cell C Telkom Mobile Vodacom MTN mobile operators

You don’t have to arrive back home after an international trip with a R10,000 bill

bool(true)