Loading...
See More

Nersa public hearings to continue

Jan 21 2013 07:58 Sapa
eskom

Electricity pylons in Beaufort West. Nersa is holding public hearings on Eskom's proposed revenue price determination. (Picture: Chris Kirchhoff/MCSA)

Related Articles

Eskom hikes may devastate sugar industry

Eskom price hikes unaffordable

Questions over Eskom pricing

Eskom: Tariff hikes the only way

Civil society to challenge Eskom hikes

Disruption mars Eskom hearing

 

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 mills.

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.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

nersa  |  eskom

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...