Saturday, April 02, 2016

Eskom goes ahead with 9.4% tariff hike

Simamkele Vakaza
02 April 2016

Eskom says now that the utility has been allowed to go ahead with the 9.4 percent electricity tariff hike, it will allow the power giant to recover the R11.2 billion revenue it needs.

The National Energy Regulator of South Africa approved the increase but the Organisation Undoing Tax Abuse challenged this in the Pretoria High Court with an urgent interdict on Thursday.

Nersa denied Eskom’s initial request for a 16.6 percent hike. Eskom’s Khulu Phasiwe says another organisation is also planning to challenge the increase in June.

There’s company which has had its matter put on hold until June. The court will hear them out and then they will make a decision by then, but the good news is that from our side at least is that we’re able to implement our tariff increase”, said Phasiwe.



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