Why Eskom’s price hike was denied

[Kevin Lancaster]

Why Eskom’s price hike was denied

Eskom’s application for an additional electricity price increase, on top of what has already been approved, was declined as it lacked the necessary information.

 

[Chris.Geerdts]

I'm glad Nersa has remained true to its mandate

 

[Chevron]

Good news at least.

 

[marine1]

It will be granted soon enough

 

[grok]

Chairperson Jacob Modise, announcing the decision before media and officials in Pretoria, said the power utility’s application did not allow for the long-term planning the regulator sought.

Because there is no long-term planning yo!

 

[LazyLion]

Expect more frequent and more severe blackouts now.

 

[ellyally]

Question, is it possible for us, the public, to submit an application for a price reduction?

 

[Vio]

Question, is it possible for us, the public, to submit an application for a price reduction?

That indeed sounds like a wonderful idea!

 

[HavocXphere]

Another problem was that the proposed price increases would not have been able to be implemented at municipal level for July 1 this year due to the lateness of the application.

This is the only reason. Treasury effectively overruled Eskom & NERSA. Treasury would much rather deal with 1 parastatal with screwed finances than having to deal with *all* the municipalities budgets nuked by a surprise hike. Those munis can't even keep their sht straight when there are no surprises so I can see why treasury laid down the law to stop it.

 

[supersunbird]

It's because Eskom is getting enough money, they are just not spending what they get correctly. They are wasting a lot of money.

 

[Aquila ka Hecate]

It's because Eskom is getting enough money, they are just not spending what they get correctly. They are wasting a lot of money.

This seems to be the essence of this government and all its hangers-on.

 

[adinfinitum]

The whole system is screwed up because there is no accountability or transparency.

 

[Johnfpro]

Expect more frequent and more severe blackouts now.

+1

 

[kianm]

Question, is it possible for us, the public, to submit an application for a price reduction?

Would want this as well

 

[marine1]

They will get their increase, watch its coming

 

[Secure Vision CCTV]

+1