Electricity Price up 9.4%
Brian Molefe, head of Eskom, reacts to NERSA approving less than he asked for. NERSA explains why they gave the 9.4% increase: Only 9.4% hike will have consequences, says Eskom’s Molefe The risk of load shedding could increase as a result of energy regulator Nersa’s decision to only give Eskom half of its required tariff increase on Tuesday. Eskom CEO Brian Molefe said the decision to only approve a 9.4% electricity price increase doesn’t help Eskom’s financial sustainability and “will have operational consequences”. “We will do our best to minimise … Read the full article…