SA: Power price increase over 5yrs

17 May, 2008 in South Africa

source: News24
16/05/2008 21:21 – (SA)

Johannesburg – Any increase in electricity prices would occur gradually over five years, Eskom was told on Friday at a summit in Sandton on the electricity crisis, SABC news reported.

Government, labour, the ANC and community forums were represented at the summit.

Eskom and municipalities were told to protect the poor from the impact of the increases. Any Eskom increases should be more “poor-sensitive”.

The tariff increases would not be introduced in one massive hike, but would be phased in over five years to reduce its negative impact.

Eskom would re-submit its application to [continue reading]