Posts tagged with 'tariff increase'

 

Eskom drops electricity price bombshell – Consumers will pay ‘50% more’ for electricity if Eskom beats Nersa in court

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The power utility is challenging tariff increases approved by the National Energy Regulator of South Africa (Nersa) for 2019 to 2022. If Eskom gets its way, consumers will pay 50% more for electricity.

Eskom contends that approving increases by 9.41% for 2019-2020, 8.10% for 2020-2021 and 5.22% for 2021-2022 instead of the requested 16% was insufficient.

At the core of the recent court challenge is a R23billion cash injection it received from the government that Nersa deducted when approving tariff hikes for three financial years.

In its court application, Eskom contends that the alleged inadequate increase provided by Nersa presents a “material risk of potential catastrophic consequences”, not only for the power utility but for the country.

Energy expert Ted Blom said: “The contestation around the R23bn relates to the fact that at the time, Eskom and government said the money was to subsidise operating costs and Nersa dealt with it as an income state
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Eskom’s prior request for tariff hike slammed: Eskom’s stage 4 load shedding is a direct attempt to sabotage, and blackmail SA – Ordinary citizens are becoming the scapegoat to foot the bill of its complete and utter failures and lack of planning

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The South African Communist Party says Eskom’s management is rolling out massive blackouts in an attempt to blackmail South Africans to accept privatisation of the power utility.

Eskom resumed with loadshedding for the first time this year on Sunday.

Power cuts continued yesterday and Tuesday after a failure of generating units.

“The management of Eskom, in the manner that they are rolling out these blackouts, is trying to blackmail us so we must accept whatever should befall Eskom. We should not be blackmailed into that. That’s why we believe that these blackouts can be avoided,” SACP first deputy general secretary Solly Mapaila stated.

Mapaila said one of reasons given by Eskom for load shedding was low stocks of diesel.

“Why can’t they procure enough diesel on time? It is all of those things that I think are just unacceptable. The reasons why there were blackouts and so forth were issues of leadership incompetence. W
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Price shock beckons if Nersa authorize Eskom’s request- National power provider demands 45% increase in tariffs – Now taxpayers have to pay for state institution’s incompetence

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National power provider, Eskom’s application to Nersa will be heard in Cape Town next week.

Nersa has already approved a 4.41% increase, but now Eskom is demanding 15% annually over the next three years, which is three times the official inflation figure.

Energy expert Ted Blom says the application should be scrapped until the forensic audit is completed on the statecapture that took place at Eskom.

Experts have disclosed a different outlook on this situation by pointing out that the power tariffs are already too high and should rather be lowered, especially in view of the fact that power is being sold to neighboring countries at far lower rates than charged to South-Africa itself.

The power provider also indicated that load shedding could be reinstated next week, which would further crippled the economy.

Read the original article on SAUK-nuus
This report does not necessarily reflects the opinion of SA-news.

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