Electricity pylons in Beaufort West. Nersa is holding public hearings on Eskom's proposed revenue price determination. (Picture: Chris Kirchhoff/MCSA)
Johannesburg - The National Energy Regulator of SA (Nersa),
will hold its public hearings into Eskom's proposed electricity price increases
at the Mangaung Metro Council in Bloemfontein, in the Free State, on Monday.
Eskom has applied to raise electricity prices by 16% per
year over the next five years.
Eskom estimates it will need R1.1 trillion for its
infrastructure maintenance, staff cost and growth.
At a recent hearing in Durban, the energy regulator was
warned that as many as 35 000 people in the sugar cane industry could lose
their jobs if Eskom is granted a 16% electricity increase.
The SA Cane Growers' Association warned the National Energy
Regulator of SA (Nersa) that the increase could result in the closure of four
The association's financial affairs director Thomas Funke
said the sugar cane industry made R10bn a year and employed 350 000 people.
Funke said an increase which was higher than inflation was
not possible for the association to digest.
The National Union of Metalworkers of SA have indicated that
they will hold a picket outside the hearings on Monday.
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