Energy regulator says Mashaba statement on tariffs 'misleading' | Fin24
 
  • Ace vs. SA Reserve Bank

    The ANC secretary general has again weighed in on the central bank's mandate.

  • Mandela Day

    Nationalisation, privatisation and land: What Mandela told business in 1990 still resonates today.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Energy regulator says Mashaba statement on tariffs 'misleading'

May 15 2019 17:15
Lameez Omarjee and Khulekani Magubane, Fin24

The National Energy Regulator of South Africa on Wednesday criticised Johannesburg Mayor Herman Mashaba for what it said was a "misleading and mischievous" statement about tariff hikes.

On Tuesday Mashaba, in a statement, had said that the regulator was "rewarding corruption at Eskom" by telling municipalities to impose a 15.63% tariff increase.

Mashaba said he would write to the SA Human Rights Commission to urgently investigate the decision.

On Wednesday the energy regulator said no tariff increases had been approved for any municipality for the 2019/20 financial year. "Municipalities are yet to submit applications to Nersa for a tariff they need to charge their customers," Nersa said. 

In March the energy regulator granted power utility Eskom a 9.41% tariff hike in March for the 2019/20 year, and increases of 8.1% and 5.2% for the following two years. This was below what Eskom had asked for. 

Including the 4.4% increase previously approved, the hike will total 13.81% for 2019/20, but municipalities will generally charge above this rate to cover costs. 

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

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