Business15.05.2009
Eskom asks for 34% price hike
Nersa said in a notice published in the Business Day today that it received Eskom’s interim price increase application on Tuesday last week.
The application requests a 25% real increase while the 34% increase makes provision for inflation.
Eskom last year asked for a 53% increase, or 60% nominal increase, to cover rising primary energy costs such as coal and the accelerated demand-side management that had been necessitated by the power crisis.
This was rejected by Nersa, which approved increases that amounted to an average 27.5% increase year on year.
At the time Nersa said it supported the smoothing of tariffs and said it sees tariff hikes of 20-25% per annum over the next three years.
Eskom price hike – give your views
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