[LISTEN] I predict that electricity prices will double by 2022- Ted Blom

The deadlock over Eskom wage negotiations has been ongoing for almost a month without any breakthrough.

The power utility is warning of possible load shedding this week as the three unions embark on a strike. Eskom has now reported acts of intimidation at several power stations.

The new management at Eskom hasn't learned how to negotiate properly yet. You can't send people to negotiate with the unions that have a proper mandate. That's what exacerbated the situation.

Ted Blom, Energy analyst

READ: Eskom locked in talks with unions over wage increase

I predict that electricity prices will double by 2022. And in reality take away all the corruption and spending inefficiency, the average household should pay no more than R400-R500 for electricity but everybody is paying more than R1000.

Ted Blom, Energy analyst

This article first appeared on 702 : [LISTEN] I predict that electricity prices will double by 2022- Ted Blom


Recommended

by NEWSROOM AI
Read More
'No country in the world can allow its borders to be a free for all'

'No country in the world can allow its borders to be a free for all'

DA spokesperson on immigration for the elections Jacques Julius says the party plans to tackle undocumented immigrants.

LISTEN: Tumi Morake on her new book and leaving Jacaranda FM

LISTEN: Tumi Morake on her new book and leaving Jacaranda FM

Tumi Morake speaks about her debut book 'And Then Mama said', comedy and leaving Jacaranda FM when she did.

[LISTEN] Eskom insists there will be no bonuses despite threats from unions

[LISTEN] Eskom insists there will be no bonuses despite threats from unions

Eskom spokesperson Khulu Phasiwe says they are ready to meet with unions on Friday to negotiate wages only, not bonuses.

China commits to invest $14.7 billion in South Africa

China commits to invest $14.7 billion in South Africa

Dr Martyn Davies says a bulk of this money is going into saving the cash strapped state owned entities like Transnet and Eskom.

Eskom borrows R33.4 billion from China (backed fully by you, the taxpayer)

Eskom borrows R33.4 billion from China (backed fully by you, the taxpayer)

The Money Show’s Bruce Whitfield interviews Dr Iraj Abedian, CEO at Pan-African Investments and Research Services.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Residents are urged to take note of the schedules as Stage 1 load s​hedding remains a possibility.

Popular articles
[WATCH] Hilarious little girl tells mom that she needs a boyfriend

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

Did you know? SA exports electricity to seven countries in Southern Africa

Did you know? SA exports electricity to seven countries in Southern Africa

Senior Researcher at Africa Check Kate Wilkinson shares their latest from their fact-finding missions.

Safe drop-off point launched for unwanted babies in Lavender Hill

Safe drop-off point launched for unwanted babies in Lavender Hill

The Baby Saver is a metal container outside a safe house. Responders are alerted once a woman places their unwanted baby inside.

'All those responsible for Sunday Times "tainted scoops" should be accountable'

'All those responsible for Sunday Times "tainted scoops" should be accountable'

Sanef's Katy Katopodis says the Sunday Times saga has done great damage to our society, democracy and to journalism.

Let your nose decide if docci claims into perfume industry are true

Let your nose decide if docci claims into perfume industry are true

Claims have been made that the perfume industry don't want consumers to know the real cost of making these products.

Rail Enforcement Unit to be rolled out this week in the WC

Rail Enforcement Unit to be rolled out this week in the WC

The unit is aimed at curbing crime on trains as well as the destruction of railway infrastructure.