By Mikhaila Crowie
18 March 2009
Eskom has admitted that it will seek a significant increase from the National Energy Regulator when it applies for a tariff increase in a few weeks time.
Eskom spokesperson Fani Zulu told Reuters the new tariff would take effect from the 1st of next month.
Eskom wants the tariff increase to help fund its power expansion programme over the next five years.
Zulu says they delayed the submission to take into account the impact the financial crisis would have on consumers, and the utility’s own ability to borrow given the state of the global markets.
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