Plans to reduce electricity prices

I agree its mad, paying close to 2k per month for electricity in a house with 3 people.
 
My home bill went from a average of R320 to over R1500 in just two years, and the sad part is looking at all my past bill's, my electricity consumption has gone down by more than half.

So if i had start using the same as what i was two years ago i think i might be shocked at the bill!
 
Another minister promises to look in to something. Pffft. Promises mean nothing unless you can back them up with some action Dipuo Peters.

Hummercellc that is INSANE!!!
 
What I don't understand is why the buck stops with the household consumer. Why are WE forced into higher prices and forced (er... politely asked?) to reduce consumption when iron smelting companies and mines, some of which don't even pay tax because they import the steel, smelt it here for cheap and export it again claiming some bull**** regulation, uses up more than 55% of the capacity already? And and what price might I ask? probably 1/100th of what we pay for. This all because government dropped the ball when Eskom went "eish, we needs more electricity guys, you need to let us expand"
 
AcidRaZor said:
What I don't understand is why the buck stops with the household consumer. Why are WE forced into higher prices and forced (er... politely asked?) to reduce consumption when iron smelting companies and mines, some of which don't even pay tax because they import the steel, smelt it here for cheap and export it again claiming some bull**** regulation, uses up more than 55% of the capacity already? And and what price might I ask? probably 1/100th of what we pay for. This all because government dropped the ball when Eskom went "eish, we needs more electricity guys, you need to let us expand"
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Bargaining power plain and simple.
 
Plans to lower electricity prices
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vs
The department of energy, relevant departments and Eskom are looking at other ways of reducing electricity tariff increases
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:confused: Nothing can come of this, simply because the powers don't even know what they want to do. :wtf:
 
I've never understood why this massive capital expenditure is not financed with loan capital or debenture issues (or similar) like it would in any normal private sector business.

My take on this is that that the Eskom business model is not sustainable and investors/lenders have a good chance of not being repaid.
 
Johnfpro said:
I've never understood why this massive capital expenditure is not financed with loan capital or debenture issues (or similar) like it would in any normal private sector business.

My take on this is that that the Eskom business model is not sustainable and investors/lenders have a good chance of not being repaid.
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+1

using Tapatalk on the Galaxy Tab
 
Freaksta said:
I agree its mad, paying close to 2k per month for electricity in a house with 3 people.
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My father's last bill was R95 and that's with 4 people in the house, he gets charged actual
 
My guess is this will be to the benefit of the poor again... increase cost of usage above R150 to subsidize the poor.
 
xrapidx said:
My guess is this will be to the benefit of the poor again... increase cost of usage above R150 to subsidize the poor.
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Yep, that's what I was figuring too.

You know, as harsh as this may sound, I'm really getting sick of the poor. How much longer can the middle class carry on carrying these people? You want us to subsidize you then you need to be sterilized!
 
Roo! said:
Yep, that's what I was figuring too.

You know, as harsh as this may sound, I'm really getting sick of the poor. How much longer can the middle class carry on carrying these people? You want us to subsidize you then you need to be sterilized!
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Me too - although I wouldn't want to be in that situation, I'm tired of this crap - and then only to see them destroy what is given to them when they don't get their way.

I'm actually meeting with the ward councillor of my area this evening because of squatters setting up camp up the road having more rights than me on my paid for land and services.
 
Johnfpro said:
I've never understood why this massive capital expenditure is not financed with loan capital or debenture issues (or similar) like it would in any normal private sector business.

My take on this is that that the Eskom business model is not sustainable and investors/lenders have a good chance of not being repaid.
Click to expand...

From the little I know from economics I would guess they need to raise the prices to be able to get a loan. Our increases will not give enough capital to build the necessary power stations, but it will allow Eskom to get a loan large enough to do build what is necessary.

I agree that this should never have happened, and that it is not fair. But at the end of the day we need power, and although we are not responsible for letting it happen we are the only ones that can save it. What I wish is that we could get decent management in, and maybe a firm like KPMG to run the business hand in hand to be able to put the necessary processes and restrictions in place to restore its business model and get it going again to the benefit of all.
 
VAT, VAT, VAT !!! It's all just talk. Truth is, the government has been making a killing on the Eskom price increases. How about reducing VAT on energy like some other countries? In the UK standard VAT is 20%, however energy bills and even energy saving materials attract only 5% VAT.
 
What pisses me off is the deals struck with the aluminium smelters.
These guys use MEGAWATTS... Many of them. And they are paying below cost. And the money the smelters make goes directly offshore - there is hardly any benefit to south africa from these energy vampires.
 
Roo! said:
Yep, that's what I was figuring too.

You know, as harsh as this may sound, I'm really getting sick of the poor. How much longer can the middle class carry on carrying these people? You want us to subsidize you then you need to be sterilized!
Click to expand...

Yeah I agree. The poor tends to breed like rabbits :mad:
 
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