Local News

Eskom proposes stiff tariff hike

Electricity tariff hikes mentioned in a confidential Eskom document leaked to the media were part of its proposed application on the matter, the parastatal said on Friday.

13 July 2012 | Sapa

Not rated yet.

JOHANNESBURG - The figure of 14.6 percent each of the next five years was merely an initial proposal submitted to the National Treasury and the SA Local Government Association, spokeswoman Hilary Joffe said.

These bodies had 40 days to comment on the proposal, before the final application, incorporating this input, was made to the National Energy Regulator of SA (Nersa).

"We don't have the final numbers and respect the consultation process," Joffe said.

When the application was submitted to Nersa, it would be in the public domain, she said.

Reuters news agency reported on Friday that a document in its possession marked "strictly confidential" contained the proposed increases.

It quoted Eskom chief executive Brian Dames as saying the parastal had requested more than R1 trillion over five years.

This was apparently to fund expansion projects, including new power stations, and could average 19 percent in this time frame depending on government decisions.

« Back
SHARE ON:
RATE THIS ARTICLE:
Not rated yet.
* Mandatory fields

Comments on this story are now closed

POLL

Should churches get involved in the e-toll drama?
Yes.
No.
Render unto Sanral.
Forgive and forget.
View Results  

Network News

DA protest placard raises ire
looklocal Rosebank Killarney
Mbuli laid to rest
looklocal Randburg
Burglars opt for Nando's
looklocal Bedfordview Edenvale
E-toll protest blocked
looklocal North East Joburg
Council of Provinces passes e-toll bill
looklocal Rosebank Killarney
Electricity tariffs go up
looklocal Randburg
Hummer-hofsaak uitgestel
looklocal Pretoria North
NEWS POWERED BY