Eskom announced yesterday that is going to ask the National Energy Regulator of South Africa (Nersa) for a price increase of just under twenty percent for the 2018/ 2019 financial year.
Prices have gone up steeply since 2008.
The Midday Report Host Stephen Grootes spoke to EE Publishers' Chris Yelland, who says Eskom is unlikely to be able to justify their price hike to Nersa.
You can’t just put the price up year after year without seriously impacting consumers, commerce industry, energy intensive users and in fact the whole economy.— Chris Yelland : MD EE Publishers
There are alternatives to electricity that are emerging. Eskom has to watch out very carefully because people defect to using alternative energy sources.— Chris Yelland : MD EE Publishers
There is a huge amount of other political noise around the power utility with allegations of corruption around its board chairperson Dr Ben Ngubane and its controversial decision of Brian Molefe’s reinstatement which was later rescinded.
Take a listen below:
This article first appeared on 702 : Eskom looks to hike electricity price