Gigaba: Eskom hikes unavoidable

Comment on this story


PowerLines

Reuters.

The 16 percent electricity tariff hike every year for the next five years is unavoidable, Public Enterprises Minister Malusi Gigaba said on Tuesday.

“It (the tariff increase) is not fair, (but) it is necessary,” Gigaba said at a business breakfast in Fourways.

“Given the challenges that we have... we need to ask South Africans to bare the collective pain to fund this build programme and go through this painful process.”

In October, Eskom submitted an application to the National Energy Regulator of SA for a 16 percent tariff hike every year for the next five years.

Gigaba said the poor needed to continue to be shielded. They would be charged a single-digit flat rate determined by municipalities.

Eskom asked municipalities to be considerate of their mark-up when charging more for electricity, as it was a source of revenue, Gigaba added. - Sapa


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks