Mines call for more predictable electricity price hikes

[Hanno Labuschagne]

Mines call for more predictable electricity price hikes

A group representing the biggest electricity consumers in South Africa including Anglo American Plc and Glencore Plc appealed for more predictable power-price increases.

The Energy Intensive Users Group, which accounts for about 40% of the nation’s power consumption, wants “stable and predictable tariff increases to promote medium- to long-term investment planning,” it said in a presentation to the regulator on Friday.

[Bloomberg]

 

[Lupus]

They should just make their own, would be more stable

 

[RonSwanson]

Mines call for more predictable electricity price hikes

A group representing the biggest electricity consumers in South Africa including Anglo American Plc and Glencore Plc appealed for more predictable power-price increases.

The Energy Intensive Users Group, which accounts for about 40% of the nation’s power consumption, wants “stable and predictable tariff increases to promote medium- to long-term investment planning,” it said in a presentation to the regulator on Friday.

[Bloomberg]

It's not an unreasonable request, very necessary if they are going to invest big capital. ANC prefers yoyo crash & burn chaos, that's also the reason why ANC minister Tina Joemat-Pereson sold off all of our surplus oil reserves.

 

[Swa]

We want inflation related price hikes, not price hikes driving inflation.