Request for Eskom tariff increase of more than 25%
Business Day LIVE
20 March 2015
ESKOM wants tariffs to go up 25.3% from July 1 — double the expected hike — and plans to ask the National Energy Regulator of SA to process a new application.
Tariffs were expected to go up 12,69% in 2015-16, but Eskom had asked for an additional increase to help pay for the cost of diesel to run its open-cycle gas turbines, which have kept the lights on and reduced load shedding for the past year. It also wants to raise additional revenue to continue to pay independent power producers, whose contracts with it expire at the end of this month. Read more here…