Another Eskom Price Hike Looms

After another night of Phase 2 load shedding, the National Energy Regulator and Eskom will meet today to discuss the power utility’s application for an additional tariff increase of 12.61%. The hike is mainly to pay for the added expense of using diesel to generate power to keep the lights on. Consumers are already paying over 10% more for electricity since April but the additional increase would take that up to over 25%. NERSA’s Charles Hlabele did not want to say too much about the meeting while Debt Rescue’s Neil Roets predicts dark times ahead for consumers – should NERSA grant this increase

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