{"id":61882,"date":"2012-10-11T12:33:14","date_gmt":"2012-10-11T10:33:14","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=61882"},"modified":"2012-10-11T13:58:54","modified_gmt":"2012-10-11T11:58:54","slug":"eskom-quiet-on-reported-price-increase","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/61882-eskom-quiet-on-reported-price-increase.html","title":{"rendered":"Eskom quiet on reported price increase"},"content":{"rendered":"

Eskom<\/a> has declined to comment on a news report that it would ask the National Energy Regulator of SA (Nersa<\/a>) to almost double electricity prices over the next five years.<\/p>\n

“We are busy finalising our application and will be submitting hopefully later this month,” Eskom spokeswoman Hilary Joffe said on Thursday.<\/p>\n

The Sowetan earlier reported Eskom would ask Nersa for revenue totalling R1.7 trillion over five years.<\/p>\n

This would see household electricity prices rising from 60c per kilowatt hour to 112c.<\/p>\n

Joffe said the Sowetan did not have Eskom’s “final numbers” as these were still being drawn up.<\/p>\n

“We were ready to submit at the end of August but we were asked by government to do additional work.”<\/p>\n

The next five-year tariff period will come into effect on April 1 next year, and Nersa needs to make a decision by March.<\/p>\n

“We are very keen to have South Africans engaging with the application and participate in the public process,” Joffe said.<\/p>\n

The Sowetan warned that price increases of this magnitude would have devastating consequences for poor households.<\/p>\n

It could also threaten jobs in energy-intensive sectors.<\/p>\n

However, below-inflation increases could threaten Eskom’s credit ratings.<\/p>\n

Further price increases would also force consumers to use less electricity.<\/p>\n

One way to rein in electricity price hikes would be to keep coal costs under government control.<\/p>\n

Coal accounts for 50 percent of Eskom’s cost base.<\/p>\n

However, this would reduce returns to mining companies, the daily reported.<\/p>\n

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Copper theft grew in July<\/strong><\/a><\/p>\n

Neotel uncapped consumer WiMax launched<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eskom are remaining quiet on a news report regarding the expected price hike of electricity <\/p>\n","protected":false},"author":33,"featured_media":42671,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[36,13871,181,16094],"class_list":["post-61882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-active","tag-electricity2","tag-eskom","tag-power"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/61882"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=61882"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/61882\/revisions"}],"predecessor-version":[{"id":61884,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/61882\/revisions\/61884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/42671"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=61882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=61882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=61882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}