South African President Cancels Davos Trip Amid Energy Crisis SouthAfrica Eskom Loadshedding Stage6
an 18.65% tariff increase granted by the National Energy Regulator of South Africa , saying it would"positively contribute from a financial and sustainability point of view". Eskom initially sought an increase of 32%, citing higher costs for fuel, decreased generation capacity higher prices from independent power producers. The electricity price hike is expected to take effect from April 1, 2023, with an additional 12.74% tariff increase set for 2024.
The country is currently experiencing Stage 6 loadshedding, with rotating power cuts for eight to 12 hours a day. Local news website
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