SA: Eskom given green light for price hikes

source: IOL

December 20 2007 at 11:38PM

By James Macharia

South Africa’s power regulator approved a 14.2-percent tariff increase for state-owned utility Eskom’s 2008/09 financial year, turning down the power firm’s request for a 18.7 percent raise.

The National Energy Regulator (NERSA) granted the increase after weighing Eskom’s plans for expanding power supply and the likely impact of any increase on inflation and affordability for consumers, the authority said on Thursday. The regulator took note of concerns on the possible impact of the Eskom price increase on the economy, especially on the poor, but took the view that the long-run benefits to the economy far outweighed the short-term fears, it added.

“This means some trade-off is [continue reading]

%d bloggers like this: