South Africans will find out how much more they’ll be paying for electricity this week.
Energy regulator Nersa will make its decision on power utility Eskom’s 32% electricity tariff application this week.
The decision on Eskom’s application was initially planned for early November, but it was delayed to later in the month. At that meeting, held on 29 November, the decision was removed from the agenda and pushed back even further to December. The regulator members were expected to rule on whether Eskom is entitled to recover 32% more revenue from South African electricity users next year and, if not, how big an increase it will allow.
This proposed tariff hike has been rejected by major metropolitan municipalities, civil action groups and even Nersa insiders, who said that consumers cannot afford the hike and should not be the ones to suffer for Eskom’s inefficiencies.The embattled power utility needs funding urgently so that it can tend to its operational needs, such as securing more diesel for its open-cycle gas turbines to help keep high levels of load shedding at bay.
Despite the national government agreeing to take on two-thirds of Eskom’s ballooning R400 billion in debt, the utility remains in a severe financing crunch and needs all the money it can get if it wants to meet the growing demand for diesel to power its emergency generators and keep the lights on.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Eskom Mum on Stage 6 Load Shedding - South African News Briefs - December 12, 2022
Read more »
Time South Africans faced up to the need for changeWe are being presented with a false dichotomy in the framing of the sofa money scandal, it's: “support the devil you know or face worse devils in Paul Mashatile, or DD Mabuza or the nebulous RET faction, writes MmusiMaimane.
Read more »
More South Africans are smoking - higher taxes and stronger law enforcement are needed | The CitizenMore South Africans are smoking – higher taxes and stronger law enforcement are needed. 🚬 TobaccoBan Cigarettes Read more below ⬇️
Read more »
Time South Africans faced up to the need for changeWe are being presented with a false dichotomy in the framing of the sofa money scandal, it's: “support the devil you know or face worse devils in Paul Mashatile, or DD Mabuza or the nebulous RET faction, writes MmusiMaimane.
Read more »
Brick and mortar, PoS remain important as online retail grows - Hypertext[PROMOTED CONTENT] Brick and mortar, PoS remain important as online retail grows
Read more »
Africa: Morocco Have Built a Strong Case for Africa in World Cup Fairy TaleFrom having no team in the knock-put phase of the previous FIFA World Cup in Russia, Africa produced two in Qatar, with a record number of matches won by teams from the continent, the tournament has been a remarkable success for Africa. Morocco has gone a historic step further and made the continent believe.
Read more »