Tariffs: Eskom scales back request

[daveza]

http://www.iol.co.za/business/news/tariffs-eskom-scales-back-request-1.1875044#.VYkWCvmqpBc

Johannesburg - South Africa’s power utility Eskom has reduced its tariff hike request to 9.5 percent from 12.7 percent, acting chief executive Brian Molefe said on Tuesday.

Molefe was speaking at a public hearing held by the National Energy Regulator of South Africa (Nersa) to discuss the latest tariff increase request by the power utility.

What's the catch ?

 

[akescpt]

http://www.iol.co.za/business/news/tariffs-eskom-scales-back-request-1.1875044#.VYkWCvmqpBc



What's the catch ?

doesn't matter. fsuck 'em. they want to over recover. make a profit then get leka bonuses. their mo3r.

 

[mmacleod]

This is how it always happens though, ask for high amount, settle for slightly lower amount, they will just ask for another increase this time next year anyway.

 

[qwertydudeza]

doesn't matter. fsuck 'em. they want to over recover. make a profit then get leka bonuses. their mo3r.

Well they not making a profit, the cost to capital way exceeds any money they make.
Everything is relative, The bonus the execs cost is less than hour's worth of diesel they use. Besides anyone who works at Eskom has to be paid to work there. Most execs can make it working for other companies, Eskom has to "buy" execs.

 

[Stokstert]

Brian Molefe made a "red-faced" fool of himself when he couldn't answer general questions about Eskoms problems. He told the sitting he is only a short while at Eskom.