Cape Town – The Cape Chamber of Commerce and Industry says tariff increases is unlikely to save Eskom if it does not tackle costs that appear to be rising out of control.
“A quarter of Eskom’s generating capacity is off-line undergoing maintenance or being repaired after breakdowns yet the costs continue to rise,” said Janine Myburgh, President of the Chamber.
Over a period of six years primary energy costs (mainly coal) increased from R19bn to R70bn. That was an annual increase of 24.3% which is roughly four times the rate of inflation.